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FINRA fines Ameriprise, clearing firm $750,000

By Washington Examiner
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WASHINGTON (AP) — The Financial Industry Regulatory Authority has fined financial services company Ameriprise and its affiliated clearing firm $750,000 for failing to supervise wire transfer requests and the transmittal of customer funds to third-party accounts.

FINRA, an independent regulator for all securities firms doing business in the U.S., said Monday that Ameriprise Financial Services Inc. and American Enterprise Investment Services Inc. did not admit or deny the charges.

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