Thursday, October 18, 2007

Allegations against a financial planner

Allegations have been made against Ameriprise for selling financial plans that it never delivered.

New Hampshire regulators are investigating allegations that nearly 500 Ameriprise customers in New England paid $300 and more for financial plans but never received them, according to people familiar with the matter. Instead, advisers at Ameriprise appeared to be forging customers' names to make it seem that investors received plans, according to emails that are part of the state investigation.