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Securities America, Ameriprise private-placement cases could drag on

The proposed class action settlements reached by Securities America Inc. and its parent Ameriprise Financial Inc. with clients who bought allegedly fraudulent private placements from Securities America between 2003 and 2009 could be upended by investors who opt out of the deal

The proposed class action settlements reached by Securities America Inc. and its parent Ameriprise Financial Inc. with clients who bought allegedly fraudulent private placements from Securities America between 2003 and 2009 could be upended by investors who opt out of the deal.

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