The Financial Industry Regulatory Authority has fined Ameriprise $750,000 related to a wire transfer fraud case from 2010.

According to the self-governed regulatory agency, the Minneapolis-based firm and its clearing house, American Enterprise Investment Services, failed to adequately supervise wire transfer requests and the transmittal of customer funds to third party accounts.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access