California Residents File Securities Class Action Lawsuit Against Securities America Advisors Over Investment Management Fees
A securities class action lawsuit was filed against Securities America Advisors in Los Angeles Superior Court on behalf of California residents with investment accounts that were charged an investment management fee by Securities America Advisors, Inc. (“SAA”), an investment advisor firm registered with the Securities and Exchange Commission and an affiliate of Securities America, Inc., a wholly owned subsidiary of Securities America Financial Corp., a subsidiary of Ameriprise Financial, Inc., according to a class action news report.
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