A day after Securities America reached a $180 million settlement with former clients who lost money on 2 private placements, it was reported that parent company, Ameriprise Financial, would pick up $150 million, or 83%, of the total cost.  According to published reports, more than 90% of investors who had filed arbitration claims against Securities America accepted an offer of 45 - 48 cents on the dollar. 

All told, investors lost a total of $400 million on two private placements from Medical Capital and Provident Royalties.  Of course, Securities America and Ameriprise still face arbitration or litigation proceedings with thse investors who did not accept the offer.  [C-I Note:  Just another cost of doing business.  Ha!]    [Financial Adviser News, 4/13/11]