Description:
Presents a forum to discuss products and services offered by American Express and Ameriprise Financial Advisors
3 Podcasts:
 1. ameriprise_30Mfine_SEC.mp3 (played 3 times)
2. ameriprise_15Mfine_SEC.mp3 (played 4 times)
3. ameriprise_12Mfine_NASD.mp3 (played 3 times)
Content:
(Play It)
American Express Financial Advisors (now known as Ameriprise Financial Services) to pay $30 Million to settle revenue sharing charges.
The Securities and Exchange Commission announced settled enforcement proceedings against American Express Financial Advisors Inc., now known as Ameriprise Financial Services, Inc.(AEFA), a registered broker-dealer headquartered in Minneapolis, Minn., related to allegations that AEFA failed to adequately disclose millions of dollars in revenue sharing payments that it received from a select group of mutual fund companies.
(Play It)
American Express Financial Corporation, now known as Ameriprise Financial, Inc., to pay $15 Million to settle market timing charges.
The Securities and Exchange Commission announced settled enforcement proceedings against American Express Financial Advisors Inc., now known as Ameriprise Financial Services, Inc.(AEFA), a registered broker-dealer headquartered in Minneapolis, Minn., related to allegations that AEFA failed to adequately disclose millions of dollars in revenue sharing payments that it received from a select group of mutual fund companies.
(Play It)
NASD Fines Ameriprise Financial Services $12.3 Million for Directed Brokerage Violations
Washington, DC - NASD announced today that it has fined Ameriprise Financial Services, Inc. of Minneapolis, MN, $12.3 million in connection with its receipt of directed brokerage in return for providing preferential treatment to certain mutual fund companies. The conduct at issue occurred when the firm was known as American Express Financial Advisors.
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