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Husband-Wife Team Join Cetera from Ameriprise

Cetera, a network of independent broker-dealer firms, announced that husband-and-wife financial advisory team, Joseph and Pamela Malara, have joined the Cetera Investment Services platform....

SEC Fines Ameriprise $4.5 Million for Failing to Prevent Theft by...

The Securities and Exchange Commission has fined Ameriprise Financial Services Inc. $4.5 million for failing to safeguard retail investor assets from theft by five...

FINRA Suspends Former Baird Broker for Borrowing $70,000 from a Client

The Financial Industry Regulatory Authority issued a five-month suspension and $10,000 fine against broker Patrick Jermaine Phillips for borrowing funds from a client and...

Ameriprise Grows Retail Client Assets to Record $566 Billion in 2Q18

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth during the second quarter of 2018 across a number...

FINRA Bars Former Ameriprise Rep for Unauthorized Trades, Failure to Respond

The Financial Industry Regulatory Authority has barred a former Ameriprise Financial Services Inc. representative for failing to timely respond to their request for information...

Connecticut Adviser Indicted for Scheme to Defraud Investors

Leon Vaccarelli, a defendant in an ongoing SEC litigation, was indicted on multiple counts of mail fraud, wire fraud, and money laundering in connection...

Ameriprise Reports Strong Growth in 1Q18, CEO Supports SEC Advice Rule

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth during the first quarter of 2018 across a number...

Waddell & Reed Names New Chief Compliance Officer

Waddell & Reed Financial Inc. (NYSE: WDR) has appointed 26-year industry veteran Elizabeth Hansen as senior vice president and chief compliance officer of its...

SEC Fines Ameriprise for Overcharging Retirement Account Clients

The Securities and Exchange Commission announced that Ameriprise Financial Services has agreed to settle charges for recommending and selling higher-fee mutual fund shares to...

Ameriprise Reports Strong Performance in 2017

Ameriprise Financial Inc. (NYSE: AMP), one of the nation’s largest independent broker-dealers, reported strong growth in the fourth quarter of 2017, including net revenues...