Articles Tagged with Katherine Ann White

Recently, Ryan Sanford Lawson, a former broker with US Bancorp, was suspended from the industry for 30 days and fined $5,000 for impersonating an elderly customer in an attempt to move the customer’s retirement account from another bank. Allegedly, Lawson made two calls to the other bank, pretending to be the customer. He then made a transfer of $70,000 after meeting with the customer and his wife the day before. The money came from their retirement accounts at the other firm. The client couple claimed that “they were not aware of and did not authorize Lawson to impersonate them in order to effectuate the transfer.” This is against securities laws and US Bancorp may be responsible for losses because the bank did not properly supervise Mr. Lawson. Lawson is the second US Bancorp advisor to be sanctioned by the Financial Industry Regulatory Authority (FINRA) this year. Katherine Ann White was suspended for six months and fined $10,000 in June for allegedly borrowing $10,000 from a 69 year-old customer. She had worked in the Minneapolis, Minnesota branch.

AdobeStock_50775754-2-300x200The Financial Industry Regulatory Authority (FINRA) has suspended U.S. Bank broker Katherine Ann White for six months and fined her $10,000. White allegedly borrowed $10,000 from a 69 year-old customer. Loans from customers are prohibited at U.S. Bank and at FINRA. She claimed that the proceeds were from the sale of her tractor to her customer, but a FINRA arbitration panel failed to believe her. The customer’s daughter complained about the money when she found the cashier’s check in April 2015. White was discharged from U.S. Bank that same month.

Ms. White was previously registered with Pacific Coast Financial Securities, AG Edwards & Sons, FFG Investments Inc., Mercantile Investment Services, Firstar Investment Services and US Bankcorp Investments in Springfield, Illinois from December 2001 until May 2015. She has one customer dispute against her and is not currently registered within the industry. Please call our Chicago and Barrington, Illinois-based securities law firm today if you suffered losses with Katherine Ann White. We may be able to help you sue US Bank for losses on a contingency fee basis in the FINRA arbitration forum. The call is free with no obligation.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information