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Ameriprise to pay $15.3 million for broker promises

Ameriprise Financial's Securities America unit has agreed to pay $15.3 million in fines and restitution after a broker coaxed clients at Exxon Mobil Corp. into retiring early based on exaggerated promises for high investment returns, NASD said.Securities America agreed in a settlement to pay $13.8 million in restitution to 32 former Exxon employees, plus a ...

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