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U.S. Bank (USB) is being examined in relation to its role overseeing client funds allegedly...

U.S. Bank (USB) is being examined in relation to its role overseeing client funds allegedly misappropriated by Peregrine Financial Group, according to a source. The failed brokerage had an account at a U.S. Bank branch in Cedar Falls, and investigators are looking into whether PFG supplied false bank documents to auditors to cover up misdeeds.
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