Improper Sales - American Express Financial Advisors

Remediation Information

This case is closed. You may review eligibility and related claims information for reference only.

Who is eligible for remediation?

Approximately 30,000 customer households of American Express Financial Advisors who:

  • Between January 1, 2002 and March 22, 2005, purchased Class B shares, through the firm, totaling $50,000 or more in one fund family. To determine whether the $50,000 threshold was met, the firm will combine single purchases and multiple purchases by the customer and members of the customer's "household," as that term is defined in the Letter of Acceptance, Waiver and Consent.

Note that certain purchases are excluded.

If I am eligible, when can I expect to be contacted regarding remediation?

Within approximately 5 months of the enforcement action of January 3, 2006, you should receive a letter from American Express Financial Advisors.  The firm will also establish a response center to handle customer inquiries, and will provide you with contact information.

What options are available to investors?

The remediation plan does not foreclose your ability to pursue arbitration or mediation if you believe you have suffered losses. You should consult an attorney as to your rights.

Additional Information