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Continued: Inside Track: Banking family consolidates under Sunrise banner

  • Article by: NEAL ST. ANTHONY , Star Tribune
  • Last update: March 9, 2013 - 8:30 PM

Brad Bennett, FINRA’s chief of enforcement, said: “Ameriprise … missed numerous supervisory red flags, including the fact that two of the wire transfers went to accounts in Guelinas’ name. Firms must have robust supervisory systems to monitor and protect the movement of customer funds.”

Ameriprise, which repaid the two customers, had no comment on the matter.

Short takes

It’s quarterly earnings season, and news releases are full of industry jargon that’s often hard to discern. But here was the candid comment of the month from Groupon CEO Andrew Mason, who lost his job: “After four-and-a-half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding. I was fired today. If you’re wondering why ... you haven’t been paying attention.”

 

The Washburn Center for Children was the winner of the nonprofit category as well as recipient of the “boldest of the bold” sweepstakes award last week at ceremonies sponsored by the Association for Corporate Growth Minnesota. Washburn was selected from among 15 candidates whose bold strategies “improved and transformed the quality of life in Minnesota.” Other candidates included Precioustatus, the Nerdery, Par Systems and Pentair. Washburn, which has doubled to 2,700 the number of children it serves annually in Minneapolis and several suburbs in recent years, expects to break ground this year on a new headquarters and clinic in north Minneapolis.

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  • Andrew Mason issued a memorable statement after he was fired as Groupon’s CEO: “If you’re wondering why … you haven’t been paying attention.”

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