Both Reuters and The New York Times reported that Minneapolis-based Ameriprise and its brokerage subsidiary have reached a preliminary agreement to settle claims from investors who lost money when two private placements they bought turned out to be frauds.
Ameriprise Financial, Inc., and brokerage subsidiary Securities America, Inc., have reportedly agreed to pay between $150 million and $180 million to investors who lost money when securities bought through the unit turned out to be
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