Securities America, Inc., the Ameriprise Financial affiliate that sold hundreds of millions of dollars of fraudulent private placements issued by Medical Capital Corp. and Provident Royalties LLC, is trying to force a class action settlement in connection with investors who purchased Medical Capital Notes though Securities America. The proposed settlement would protect millions of dollars of its assets from defrauded investors and allow it to stay in business, according to InvestmentNews articles by Bruce Kelly entitled “Lawsuits suck air out of Securities America’s cash cushion,” and “Ameriprise reaches $27M settlement over private placements: Attorney.”