U.S. Bancorp Investments, Inc.
U.S. Bancorp Investments, Inc. provides banking, brokerage, investment,
trust, insurance, mortgage, and payment service products to businesses,
consumers, and institutions. U.S. Bancorp is the parent company of U.S.
Bank (NYSE: USB) and U.S. Bancorp Investments is the brokerage arm of
U.S. Bancorp. A full-service institution, U.S. Bancorp Investments is
based in Minneapolis.
Because U.S. Bancorp Investments is licensed by the Financial Industry
Regulatory Authority (FINRA), which means that U.S. Bancorp is subject
to the protective measures and regulations imposed on investment firms
for the sake of investors. Part of these measures is U.S. Bancorp’s
legal obligation to oversee its brokers to ensure that they are acting
in line with their clients’ interests and within the limits of financial
If you have suffered losses as a result of a Bancorp broker’s inappropriate
or unethical advice,
the law holds U.S. Bancorp legally liable to repay your losses. You have the right to file a claim against the firm, who licenses brokers
and is partially responsible for their negligent behavior.
The U.S. Bancorp/Peregrine Case
From 2014-2015, U.S. Bancorp faced a lawsuit from federal regulators, who
sued the corporation for allegedly allowing customers’ assets to
be used for the personal interests of Peregrine Financial Group’s
founder, Russell Wasendorf. He used client assets to pay for a private
plan, a divorce settlement, and his own restaurant. His scam ultimately
cost U.S. Bancorp clients $215 million.
U.S. Bancorp eventually paid $18 million as a result of failing to abide
by financial rules that forbid customer assets to be used by any entity other than the customers.
Representing Clients in Serious Investor Claims
If you’ve been wronged by a U.S. Bancorp representative, causing
losses and damages to your assets, they do not have to get away with it.
Meyer Wilson investment fraud attorneys know how to fight for your rights
as an investor, and our firm can reclaim what is rightfully yours. Our
lawyers recovered nearly $30 million for victims of investment fraud in
2014, and we have the resources to go toe-to-toe with the largest investment
firms in the U.S. Let us fight for you, from state or federal courts to
arbitration with FINRA or the American Arbitration Association.
It’s time to reclaim what is yours. Contact Meyer Wilson today for a
free case evaluation.