The U.S. Court of Appeals for the Eighth Circuit, on April 8, 2009, reversed the ruling of the U.S. District Court for the District of Minnesota, which granted summary judgment in favor of Ameriprise Financial, Inc.
The case was remanded for…
The U.S. Securities and Exchange Commission staff notified Ameriprise Financial, Inc. that it is considering recommending that the SEC bring a civil action against the Company related to revenue sharing matters.
For several years, the Company has been cooperating with the…
Ameriprise International, Inc. says that a large client, in April 2009, presented a formal Request for Arbitration.
Relevant to market conditions since the latter part of 2007, the client claimed breach of certain contractual investment guidelines.
The Company is continuing to evaluate…
Ameriprise Financial, Inc. continues to face claims by customers relating to suitability, disclosures, supervision and certain other sales practices.
The Company previously reported two adverse arbitration awards issued in 2006 by the panels of the Financial Industry Regulatory Authority formerly…