Tag Archives: $4.5

Ameriprise Financial Censured & Fined $4.5 Million

SEC Charges Ameriprise Financial with Failure to Safeguard Client Assets According to a press announcement today, Ameriprise Financial Services Inc. will pay $4.5 million to settle SEC charges that it failed to safeguard retail investor assets from theft by its … Continue reading

Posted in Securities Law | Tagged , , , , , , | Leave a comment

Lender’s $4.5 Million of Promissory Notes Were Unregistered Securities

A case involving real estate lending illustrates the perils of failing to comply with the securities laws.  Last fall the Securities and Exchange Commission filed a complaint against Paul Z. Singer, a Philadelphia-based lender, and his company, Singer Financial Corp. … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , , | Leave a comment