Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as U.S. Bancorp Investments, Inc.. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
U.S. Bancorp Investments, Inc. is the broker-dealer and investment adviser of U.S. Bancorp, offering brokerage and investment advisory services to retail investors through U.S. Bank wealth management. Based in Saint Paul, Minnesota and registered with the SEC since 1986, the firm is a bank-affiliated qualified custodian and a wholly owned subsidiary of U.S. Bancorp.
U.S. Bancorp Investments, Inc. – By the Numbers:
- CRD #: 17868
- Regulatory Events: 16
- Arbitration Events: 13
- Broker Employees: 550
U.S. Bancorp Investments, Inc. – Investment Advisors:
- SEC #: 68122
- Assets Under Management: $22,940,857,825
- ADV Form Employee: 2,148
U.S. Bancorp Investments, Inc. – In the News:
FINRA v. U.S. Bancorp Investments, Inc. (Case #2023079913301) – When determining whether to file Suspicious Activity Reports (SARs), USBI incorrectly used a $25,000 monetary threshold applicable to banks rather than the $5,000 threshold applicable to broker-dealers and, as a result, did not timely file 42 SARs between April 2020 and August 2023. USBI failed to establish and implement policies and procedures reasonably designed to detect and cause the reporting of suspicious transactions in violation of FINRA Rules 3310(a) and 2010. The firm is censured and fined $500,000.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.