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Former Ameriprise Branch Manager Files Whistleblower Lawsuit Alleging Fraud

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According to the Star Tribune, former Ameriprise branch manager Michael Loscalso filed a federal lawsuit alleging he was fired in retaliation for reporting fraud and other violations of regulatory rules.  Under the Dodd-Frank Act, whistleblowers similar to Loscalso are entitled to protection from retaliation and may even be entitled to a monetary reward in return for their reporting of fraud and other violations committed by their employer.

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