Ameriprise has settled with both the Securities and Exchange Commission and the NASD, with fines totaling $57.3 million for directed-brokerage, market-timing and revenue-sharing violations.

The SEC fined Ameriprise $15 million in disgorgement and civil penalties for allowing certain shareholders to market time the mutual funds it advised, the American Express Funds, when the fund's prospectus specifically forbids market timing.

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