Ameriprise Financial, Inc. (formerly American Express Financial Corporation)
Former Countrywide Financial executives settled SEC fraud charges over misleading investors during the subprime mortgage crisis. If you held Countrywide stock between March 2005 and April 2008, a Fair Fund was set up to pay back harmed investors.
Investors who held shares in specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities. Payout: Fair Fund (disgorgement $10M + civil penalty $5M) plus accumulated interest; $10,726,900.91 transferred to escrow for distribution. Checked against the official settlement source by SettleSignal on June 19, 2026.
Who may qualify
You self-certify the basics when you file — the settlement administrator makes the final eligibility decision.
You may qualify if you bought or otherwise acquired Countrywide Financial common stock (CUSIP 222372104) at any point between March 1, 2005 and April 24, 2008.
Official eligibility wording (read the exact text)
Investors who held shares in specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Proof requirements
Proof requirement is currently marked as Unknown.
Review the official claim form before submitting any information.
How hard is this claim to file?
Watch out for
- No claims procedure was implemented, so there is no form to file — do not be misled by third-party services claiming to file on your behalf for a fee.
- Eligibility is determined solely from existing shareholder records; if your holdings were not properly recorded during the qualifying period you may not be identified automatically.
- The disbursement order and escrow transfer have already been executed, meaning the distribution window may be closed or nearly complete.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
No claim form is needed — Rust Consulting, Inc. issues this refund automatically; confirm your eligibility and contact details on the official source.
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1Confirm you held shares in one of the specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities.
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2Take no action — the Fund Administrator (Rust Consulting, Inc.) uses obtained shareholder records to identify and pay eligible investors automatically.
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3Watch for a distribution payment from the escrow account managed by The Huntington National Bank.
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4If you believe you are eligible but do not receive a payment, contact Rust Consulting, Inc. to verify whether your shares appear in the shareholder records used for distribution.
New to settlement claims? How to file safely → · Worried it might be fake? Run the 60-second legitimacy check →
When will I get paid?
- Claims open You are here
- Court approval
- Payments sent
- Distribution complete
Claims are still being accepted. Class-action payouts typically begin only after the claim deadline, final court approval, and any appeals.
Verify it yourself
How we verified this record
Optional, but it's the whole point — every field below traces to a named official source we re-check on a schedule.
- Payout details the official settlement website · Jun 19, 2026
- Eligibility the official settlement website · Jun 19, 2026
- Administrator the official settlement website · Jun 19, 2026
- Court case the official settlement website · Jun 19, 2026
- Payment status the official settlement website · Jun 19, 2026
- Claim deadline queued for re-check
- Proof requirement queued for re-check
- Official claim link queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Cross-checked against 2 official sources on file.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Eligibility summary
Investors who held shares in specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities
Verified Jun 19, 2026 · against the official settlement website
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Payment status
Distribution complete
Verified Jun 19, 2026 · against the official settlement website
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Estimated payout
Fair Fund (disgorgement $10M + civil penalty $5M) plus accumulated interest; $10,726,900.91 transferred to escrow for distribution
Verified Jun 19, 2026 · against the official settlement website
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Administrator
Rust Consulting, Inc.
Verified Jun 19, 2026 · against the official settlement website
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Court
Securities and Exchange Commission (Administrative Proceeding)
Verified Jun 19, 2026 · against the official settlement website
Show all 6 more verified fields
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Automatic refund
Yes — automatic, no claim needed
Verified Jun 19, 2026 · against the official settlement website
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Class period start
January 1, 2002
Verified Jun 19, 2026 · against the official settlement website
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Class period end
September 30, 2003
Verified Jun 19, 2026 · against the official settlement website
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Court case number
3-12114
Verified Jun 19, 2026 · against the official settlement website
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No-claim explanation
Distributions managed through Fund Administrator using obtained shareholder records; no claim submission required
Verified Jun 19, 2026 · against the official settlement website
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Case name
In the Matter of American Express Financial Corporation (now known as Ameriprise Financial, Inc.)
Verified Jun 19, 2026 · against the official settlement website
Case Name: In the Matter of American Express Financial Corporation (now known as Ameriprise Financial, Inc.)
Common questions
Is the Ameriprise Financial, Inc. (formerly American Express Financial Corporation) settlement legitimate?
Yes — the Ameriprise Financial, Inc. (formerly American Express Financial Corporation) settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Rust Consulting, Inc. under case 3-12114 in Securities and Exchange Commission (Administrative Proceeding). File only through the official settlement website (www.sec.gov); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 19, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
Investors who held shares in specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities
How much can I get from the Ameriprise Financial, Inc. (formerly American Express Financial Corporation) settlement?
Fair Fund (disgorgement $10M + civil penalty $5M) plus accumulated interest; $10,726,900.91 transferred to escrow for distribution. The exact amount you may receive is decided by the settlement administrator based on your valid claim and is not guaranteed; a total settlement-fund figure is shared among all eligible claimants, not paid to each person.
What is the current payment status?
Current payment status: Distribution complete. Payments are issued by the administrator after the court process concludes.
When will Ameriprise Financial, Inc. (formerly American Express Financial Corporation) pay out?
Current payment status: Distribution complete. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official Ameriprise Financial, Inc. (formerly American Express Financial Corporation) claim form?
No claim form is needed — Distributions managed through Fund Administrator using obtained shareholder records; no claim submission required Never pay a fee to claim a settlement payment.
Who were the defendants in this case?
Angelo Mozilo (CEO), David Sambol (President), and Eric Sieracki (CFO) — the top three executives at Countrywide Financial Corporation at the time.
When was the claim deadline?
The claim deadline was December 9, 2012. This settlement is closed and no new claims are being accepted.
What is a Fair Fund?
When the SEC collects civil penalties and disgorgement from wrongdoers, it can pool those funds and distribute them directly to harmed investors. That pool is called a Fair Fund.
What did I need to file a claim?
You needed documentation showing you purchased or held Countrywide common stock during the March 1, 2005 – April 24, 2008 period, typically brokerage statements or trade confirmations.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
No claim needed — payment is automatic
If you qualify, the settlement pays you automatically. There's nothing to file — just keep an eye on your mail or account around the payment date.
Not ready to file today? Track it free — we'll remind you before the deadline, and keep your claim details in one place.
Listed on the official settlement website (Rust Consulting).
Status history
Every status and verification change we have recorded for this settlement, newest first. We log the date we made each change; we never publish the underlying evidence link.
- Settlement published after verification.
- Verified field details updated from an official source.
Disclaimer
SettleSignal summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. You open the official claim form yourself. Only file a claim if the information you provide is accurate.