Ameriprise steps in to steady Securities America
On Friday, Securities America's CFO said the brokerage could face bankruptcy if a judge rejected a proposed settlement over soured private placements. The judge rejected the settlement. Now, Securities America's parent may step in to try to bail out the besieged B-D.
Ameriprise Financial Inc. is taking preliminary steps to help its beleaguered independent broker-dealer subsidiary, Securities America Inc.
On Friday, Securities America's chief financial officer, Kelly Windorski, testified in a federal court in Dallas that the firm could go bust if a federal judge
Learn more about reprints and licensing for this article.
