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Violation Tracker Individual Record

Company: Ameriprise Financial Services, Inc.
Current Parent Company: Ameriprise Financial
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $200,000
Year: 2009
Date: October 22, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Ameriprise Financial Services agreed to pay $200,000 in settlement of allegations some employees engaged in unfair and deceptive practices while working as financial advisors, including charging customers for undelivered financial plans, failing to disclose fees for financial plans, forging client signatures on transactions, and selling unsuitable mutual funds and insurance products.
Level of Government: state
Action Type: agency action
Agency: Massachusetts Attorney General
Civil or Criminal Case: civil
Facility State: Massachusetts
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.