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Report: Ameriprise Unit Close to $50M Settlement

A preliminary agreement that was reportedly reached comes about a week after rumors that Ameriprise would let subsidiary Securities America fail rather than paying millions in legal claims made by investors who lost money through the unit.

Real Estate Closer Must Pay $420K for $1.3M Fraud

Through her company Strand Closing Services, Cynthia Strand allegedly misappropriated funds for her own personal use; the fine she must pay is among the largest that the Minnesota Department of Commerce has ever imposed on an individual.