US Bank Broker Takes $10K From Customer: What Investors Can Do to Sue

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.

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