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.
Fair Fund (disgorgement $10M + civil penalty $5M) plus accumulated interest; $10,726,900.91 transferred to escrow for distribution
Your share of the fund — a cash payment distributed to eligible claimants based on their approved claims.
Official site: www.sec.gov
Who may qualify
You 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
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.
What you need
Proof of stock ownership during the class period was required — brokerage statements or transaction records showing you held Countrywide shares (CUSIP 222372104) between March 1, 2005 and April 24, 2008.
How to file this claim
- Confirm 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.
- Take no action — the Fund Administrator (Rust Consulting, Inc.) uses obtained shareholder records to identify and pay eligible investors automatically.
- Watch for a distribution payment from the escrow account managed by The Huntington National Bank.
- If 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.
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.
- Check the official source to confirm you are within the eligible group — the settlement administrator determines eligibility.
- Make sure Rust Consulting, Inc. has your current mailing address or payment details if the official source provides a way to update them.
- No claim form is required for an automatic refund; you do not need to pay anyone or submit documents to receive it.
- Watch the payment status on this record and on the official source — payments begin only after the court or program process concludes.
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How we verified this record
- 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.
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
Do I need proof to claim?
Proof requirement: Unknown. The settlement administrator determines what documentation, if any, is required.
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.
Distributions managed through Fund Administrator using obtained shareholder records; no claim submission required
Listed on the official settlement website (Rust Consulting).
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Disclaimer
This service 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. Only file a claim if the information you provide is accurate.
Change log
- June 19, 2026 — Settlement published after verification.
- June 19, 2026 — Verified field details updated from an official source.