The Securities and Exchange Commission has accused two registered reps from Ameriprise Financial Services and three other advisors of engaging in insider trading using information one of the reps obtained from a longtime friend in an Alcoholics Anonymous program in Pennsylvania.
“It’s very troubling conduct,” said Elaine C. Greenberg, associate director of the SEC’s Philadelphia Regional Office, who oversaw the investigation, “especially by a registered rep who clearly was aware of insider trading laws.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access