SEC Fines Ameriprise Affiliate $5M In Variable Annuities Case

By Katryna Perera · May 25, 2022, 5:58 PM EDT

The U.S. Securities and Exchange Commission announced Wednesday that it has fined broker-dealer RiverSource Distributors Inc. $5 million for alleged improper switching or replacing of variable annuities, in the first-ever enforcement...

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