Ameriprise Financial said its J. & W. Seligman unit received a request seeking information related to a federal probe of alleged insider trading.
“Like many other firms, a couple weeks ago, Seligman received a general information request that is not specific to individuals or securities,” Ben Pratt, a spokesman for Ameriprise, said in an e-mailed statement. Authorities told the company it isn’t a target of the investigation, he said.
Hedge funds SAC Capital Advisors, Diamondback Capital Management and Level Global Investors and mutual fund companies Janus Capital Group and Wellington Management said last month they had received subpoenas. The firms have said they’ve been informed that they aren’t targets of the investigation. No firm has been accused of wrongdoing.
Ameriprise bought Seligman for $440 million in 2008, adding $18 billion in assets, including $3.2 billion in hedge funds. Ameriprise managed about $444 billion in assets as of Sept. 30.
Mr. Pratt wasn’t able to immediately say which regulatory or law enforcement agency issued the information request.