Retirement

U.S. Bancorp fined $500K for using wrong threshold, missing fraud reports

The firm incorrectly used the reporting St. Paul, Minnesota-based U.S. Bancorp Investments, which has over 2,350 registered representatives, consented to the censure and fine without admitting or denying findings from the Financial Industry Regulatory Authority, FINRA announced Friday.for banks rather than broker-dealers, FINRA reported.