Securities America Gets Its Do-Or-Die Settlement Hearing Today


If the federal judge agrees to let the once-mighty brokerage firm settle all the outstanding claims against it by paying a token $21 million, then Securities America has a decent shot at the future. 


But since the firm only has $2 million in cash to work with, even getting 95% of its obligations erased may not save it from having to ask perennial "distant parent" Ameriprise for help.


Reps are reportedly already on the move. Great story here.







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