Posts Tagged ‘ REITs ’

Ameriprise to pay $17.3M for undisclosed compensation for REIT sales – Investment News

Jul 10th, 2009 | By Charles L. Stanley CFP® ChFC AIF® | Category: News

Ameriprise Financial Services Inc. of Minneapolis has agreed to pay $17.3 million to settle charges that it received nearly $31 million in undisclosed compensation for selling its brokerage customers real estate investment trusts between 2000 and 2004, the Securities and Exchange Commission announced today…
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SEC: Ameriprise Reaped $30.8M In Secret Incentives

Jul 10th, 2009 | By Charles L. Stanley CFP® ChFC AIF® | Category: News

A significant point for investors is whether or not your advisor is a fiduciary. This story is one indicator of what can happen when your advisor is not a fiduciary but simply required to meet a “suitability” standard.
Ameriprise Financial has agreed to pay $17.3 million to settle charges that it received millions of dollars in [...]

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