Key Developments: Ameriprise Financial Inc (AMP)
19 Dec 2014
Latest Key Developments (Source: Significant Developments)
Ameriprise Financial Inc announced a $0.07 per share increase in its regular quarterly dividend to $0.52 per share payable on May 17, 2013 to shareholders of record as of May 6, 2013. The Company also announced repurchased 5.2 million shares of its common stock in the quarter for $360 million, partially offsetting the net share issuance in the quarter primarily due to compensation-related actions and market appreciation. Full Article
The Securities Arbitration Law Firm of Klayman & Toskes Commences Investigation Into Sale Of REITs To Ameriprise Financial Inc Customers
The Securities Arbitration Law Firm of Klayman & Toskes (K&T), announced that it is commencing an investigation into the sale of real estate investment trust (REITs) products by Ameriprise Financial Inc to its customers. Ameriprise Financial was one of the sellers of non-traded REITs. Many investors purchased REITs at the recommendation of their full-service brokerage firm, like Ameriprise, who advised them that they were low risk, safe investments, thereby misrepresenting the product. In some cases, a substantial portion of a customer`s assets were placed in a single REIT, resulting in an unsuitable over-concentration in a single product. Consequently, REIT investors may be able to recover some of their losses by filing an individual securities arbitration claim against their full-service brokerage firm. Ameriprise customers who invested in REITs are encouraged to contact K&T to explore their legal rights and options. K&T has filed numerous securities arbitration claims with the Financial Industry Regulatory Authority`s ("FINRA") Arbitration Department relating to REITs, including claims against Ameriprise. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered substantial losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. Full Article
Ameriprise Financial Inc announced that it has declared a quarterly cash dividend of $0.45 per common share payable on February 22, 2013 to shareholders of record at the close of business on February 11, 2013. Full Article
NEW YORK - A former Ameriprise Financial Inc stockbroker previously accused by U.S. securities regulators of engaging in insider trading ahead of a 2010 merger by Pfizer Inc has pleaded guilty to conspiracy to commit securities fraud.