Mimi Park: $600K Complaint Against US Bancorp Advisor

Santa Monica, California financial advisor Mimi Park (CRD# 4684111) recently received an investor complaint alleging that she misappropriated funds. Financial Industry Regulatory Authority records show thats he is registered as a broker and an investment advisor with US Bancorp Investments, having previously been registered with LPL Financial.

Ms. Park’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in November 2024, alleges that as a representative of US Bancorp Investments, she misappropriated funds and refused to executed a requested wire transfer. The pending complaint alleges damages of $600,000.

A second investor complaint, filed in 2023, alleged that as a US Bancorp representative, she failed to execute an order, resulting in losses. The complaint alleged damages of $9,100 and was denied by the firm.

Investors should be aware that the misappropriation of client funds may constitute a violation of FINRA Rule 2150, which states that no FINRA-associated person “shall make improper use of a customer’s securities or funds.” It may also be considered a violation of FINRA Rule 2010, which stipulates that brokers like Ms. Park must “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Mimi Park holds 21 years of securities industry experience. Based in Santa Monica, California, she has been registered as a broker and an investment advisor with US Bancorp Investments since 2022. Her past registrations include LPL Financial, Wells Fargo Clearing Services, Summit Brokerage Services, ING Financial Partners, and AXA Advisors. Her credentials include the passage of five securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the Securities Industry Essentials Examination, or SIE. She is licensed in Alaska, Arizona, California, Connecticut, Delaware, Massachusetts, Minnesota, Nevada, New York, Oregon, and Texas. (Information current as of December 23, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.