Ameriprise Financial, Inc. obtained final court approval of a class action settlement.  In July 2009, two issuers of private placement interests (Medical Capital Holdings, Inc./Medical Capital Corporation and affiliated corporations, and Provident Shale Royalties, LLC and affiliated corporations) sold by Ameriprise’s subsidiary, Securities America, Inc., were the subject of SEC actions (brought against those entities and individuals associated with them.)  That resulted in the filing of several class action lawsuits naming both Securities America, Inc. and Ameriprise Financial.  There  were also regulatory inquiries. Continue reading “Ameriprise Financial: Court approves class action settlement”