{"id":21482,"date":"2024-03-01T20:36:57","date_gmt":"2024-03-01T20:36:57","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/03\/01\/ameriprise-faces-50m-sec-fine-over-electronic-messages\/"},"modified":"2024-03-01T20:36:57","modified_gmt":"2024-03-01T20:36:57","slug":"ameriprise-braces-for-50m-sec-fine-over-electronic-messages","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/03\/01\/ameriprise-braces-for-50m-sec-fine-over-electronic-messages\/","title":{"rendered":"Ameriprise Braces for $50M SEC Fine Over Electronic Messages"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/872859824\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/02\/16_Ameriprise_HQ_MN_BB_40x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/02\/16_Ameriprise_HQ_MN_BB_40x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">Ameriprise Financial&nbsp;has booked a charge for a $50 million penalty&nbsp;from the Securities and Exchange Commission over&nbsp;the use of electronic messaging platforms.<\/p>\n<p>In Ameriprise\u2019s <a href=\"https:\/\/www.sec.gov\/ixviewer\/ix.html?doc=\/Archives\/edgar\/data\/0000820027\/000082002724000015\/amp-20231231.htm\" target=\"_blank\" rel=\"noopener\">annual report<\/a>, released Feb. 24, the firm states that it has responded to SEC document and information requests \u201cregarding the preservation of certain business-related communications sent on electronic messaging platforms that have not been approved\u201d by the firm.<\/p>\n<p>During 2023, Ameriprise states, it recorded a $50 million accrual for this matter within its introducing broker-dealer subsidiary.<\/p>\n<p>Ameriprise states that it&nbsp;has reached an agreement in principle with the SEC staff, \u201csubject to Commission approval, that it believes resolves this matter.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ameriprise Financial&nbsp;has booked a charge for a $50 million penalty&nbsp;from the Securities and Exchange Commission over&nbsp;the use of electronic messaging platforms. In Ameriprise\u2019s annual report, released Feb. 24, the firm states that it has&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/03\/ameriprise-braces-for-50m-sec-fine-over-electronic-messages.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21482"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21482"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21483"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}