Court ruling goes against Securities America
Judge reportedly zeroed in on parent Ameriprise's relationship with its B-D. (Photo: Zach Korb)
A judge shoots down a possible class-action settlement between Securities America and private placement investors, leaving the brokerage's future in doubt
Late Friday afternoon, a federal judge in Dallas failed to approve a $21 million class action settlement between Securities America Inc. and clients suing the firm over private placement investments that went bust.
The hearing for the proposed settlement was closely watched. As part of the propose
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