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Joseph Rasuli Facing Investor Allegations

Joseph Rasuli (CRD #: 4568619), a broker registered with U.S. Bancorp Investments, is the subject of a pending investor dispute. This disclosure appears on his BrokerCheck record, accessed on October 27, 2023. Keep reading if you have questions about his alleged conduct. 

On August 23, 2023, an investor alleged that they had explained to Joseph Rasuli that they wanted to put their money in a security with a good interest rate and no risk. They allege that their money ended up in a fund where their principal is unprotected. The investor is seeking $85,455.72. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Liquidity needs (i.e., how soon the investor might want their funds)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Joseph Rasuli has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in California. 

During his 20 years of experience, Joseph Rasuli has registered with four firms: 

  • U.S. Bancorp Investments (CRD #: 17868) 
  • HSBC Securities (USA) Inc. (CRD #: 19585) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Banc of America Investment Services (CRD #: 16361) 

Kurta Law Can Help

If you worked with Joseph Rasuli and have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.