Former Yahoo Exec, Former Ameriprise Fund Manager Charged With Insider Trading
Robert W. Kwok, formerly Yahoo’s senior director of business management, and Reema D. Shah, a former mutual fund manager at an Ameriprise Financial unit, were charged with insider trading.
Ameriprise Sued by Employees Over 401(k) Losses
In further controversy over the use of proprietary products, members of Ameriprise Financial Inc.'s 401(k) plan filed a proposed class action in Minnesota on Wednesday claiming they lost $20 million in investments.
Columbia-RiverSource to Streamline 62 Fund Offerings
Columbia Management Group says that it has proposed 62 fund mergers as part of the sale of its long-term asset-management business to RiverSource Investments, which is owned by Ameriprise Financial.
Columbia-RiverSource to Streamline 62 Funds
The proposed mergers are part of Ameriprise's acquisition of the asset management business, which has about $330 billion in AUM.