Every dollar amount and date on this page is quoted from the official settlement document.
Ameriprise Financial, Inc. (formerly American Express Financial Corporation)
Court case: In the Matter of American Express Financial Corporation (now known as Ameriprise Financial, Inc.)
On December 1, 2005, the SEC settled market-timing charges against American Express Financial Corporation, now Ameriprise Financial, Inc., ordering $10 million in disgorgement plus a $5 million civil penalty — $15 million total, paid into an SEC Fair Fund. If you held shares in the affected AXP Funds between 2002 and 2003 and lost money to undisclosed market-timing trades, you are covered. The SEC ordered the fund's disbursement on Apr. 15, 2019, and payments went out automatically — no claim form was ever required from investors.
Official eligibility wordingInvestors who held shares in specified AXP Funds between January 1, 2002 and September 30, 2003 and suffered losses from market-timing activities. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify You may qualify if you held shares in one of the specified AXP mutual funds during the covered 2002 to 2003 period, and your account lost money because of undisclosed market-timing trading allowed in those funds. The SEC's December 1, 2005 order names American Express Financial Corporation, now Ameriprise Financial, Inc., as the party that paid the $15 million settlement. Eligible investors were identified from fund records and paid automatically through Rust Consulting, the fund administrator.
- Estimated payoutFair Fund (disgorgement $10M + civil penalty $5M) plus accumulated interest; $10,726,900.91 transferred to escrow for distribution
- What you needNothing to file. Rust Consulting, the court-approved Fair Fund administrator, used AXP Funds shareholder records to identify who was harmed by the 2002 to 2003 market-timing trades and distributed payments directly, under the SEC's disbursement order.
- CourtSecurities and Exchange Commission (Administrative Proceeding)
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.
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How we verified this record
- Payout details
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- Court case
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- 3 fields queued for re-check
2 official sources linked to this record.
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Eligibility summary Quoted in the official eligibility wording above ↑
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Payment status
Distribution complete
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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
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Administrator
Rust Consulting, Inc.
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Court
Securities and Exchange Commission (Administrative Proceeding)
Show all 6 more verified fields
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Automatic refund
Yes — automatic, no claim needed
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Class period start
January 1, 2002
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Class period end
September 30, 2003
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Court case number
3-12114
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No-claim explanation
Distributions managed through Fund Administrator using obtained shareholder records; no claim submission required
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Case name
In the Matter of American Express Financial Corporation (now known as Ameriprise Financial, Inc.)
Where to act
No claim form is needed — Rust Consulting, Inc. issues this refund automatically; confirm your eligibility and contact details on the official source.
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.
