Defendant Name: Ameriprise Financial Services, Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: Ameriprise Financial, Inc
SIC Code: 6141
CUSIP: 03076C10

Initial Case Details

Legal Case Name In the Matter of Ameriprise Financial Services, Inc.
First Document Date 10-Jul-2009
Initial Filing Format Administrative Action
File Number 3-13544
Allegation Type Broker Dealer

Violations Alleged

Securities Act
Sec 5(a)
Sec 17(a)(2)
Sec 17(a)(3)
Rule 10b-10 Exchange Act


First Resolution Date 10-Jul-2009
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

33-9051 10-Jul-2009 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Sections 15(b) and 21C of the Securities Exchange Act of 1934, Makings Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
The Commission stated: "These proceedings arise out of Ameriprise's receipt of approximately $30.8 million in undisclosed compensation in connection with Ameriprise's offer and sale to its brokerage customers of certain real estate investment trusts ("REITs") between 2000 and May 2004 (the "Relevant Period"). Ameriprise demanded this undisclosed compensation, which it referred to as "revenue sharing," in exchange for including the REITs on Ameriprise's brokerage platform. This matter also involves Ameriprise's unlawful offer and sale of at least $100 million worth of shares of one such REIT to its brokerage customers in the absence of an effective registration statement."
2009-155 10-Jul-2009 Litigation Release--Mentions Administrative Proceeding
SEC Charges Ameriprise in Fraudulent Scheme to Obtain Undisclosed Compensation
The Commission stated: "The Securities and Exchange Commission today announced an enforcement action against Minneapolis-based brokerdealer Ameriprise Financial Services, Inc., for receiving millions of dollars in undisclosed compensation as a condition for offering and selling certain real estate investment trusts (REITs) to its brokerage customers. Ameriprise agreed to pay $17.3 million to settle the SEC's charges."

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SEC v. W.P. Carey & Co. LLC, Carey Financial LLC, John J. Park, and Claude Fernandez
In the Matter of Claude Fernandez (CPA)