Today a securities firm agreed to pay the state hundreds of thousands of dollars for bad business practices. Investigators say Ameriprise Financial Services failed to supervise salespeople, after two employees forged customers’ signatures on financial documents. Investigators also identified other deficiencies in Ameriprise's supervisory systems. The company will pay a $40,000 civil penalty, $175,000 in investigative costs, and will donate $10,000 toward investor education programs in Georgia. Ameriprise also says it’s made changes to procedures to prevent such problems in the future.
