Securities America

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Feb 3, 2010 2:39 pm

We got an anonymous tip that the firm is experiencing mounting legal and operational problems. There have been rumors that Ameriprise will spin off SA. Any thoughts?

Feb 3, 2010 2:48 pm

It seems like every time a new lawsuit comes out against us it has to do w/some schmuck on the Securities America side.  I say dump it and throw them to the wolves.

Feb 3, 2010 5:24 pm

Its been in the press. I read it, dont remember where, Investment News, or WSJ, they are having issues related to some private placements.