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Mass. Fines Ameriprise, Others $1M Over REIT Sales

By Stewart Bishop ( May 22, 2013, 1:53 PM EDT) -- Massachusetts on Wednesday said it has fined Ameriprise Financial Inc., a Lincoln National Corp. unit and three other independent brokerage firms a total of $975,000 and ordered $8.6 million in restitution payments to investors over the improper sale of nontraded real estate investment trusts....

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