FINRA’s Allegations

FINRA alleged that it initiated an investigation into Danish Rauf regarding allegations that he engaged in undisclosed outside business activities.  In November 2025, he was terminated by U.S. Bancorp Investments regarding allegations of “soliciting investments into an undisclosed Outside Business Activity in violation of FINRA Rules 3270 and 3280 and Firm policy”.  Generally, under FINRA Rules 3270 and 3280, brokers must disclose all business activities that they are involved in, and they must disclose all securities that they are selling.

In response, Rauf refused to appear for an on-the-record interview.  That led to him being barred from the securities industry.

Danish Rauf’s Industry History

Danish Rauf was affiliated with U.S. Bancorp Investments from August 2016 to November 2025.  He worked in Des Plaines, Illinois. 

U.S. Bancorp Potential Liability to its Customers

Pursuant to FINRA Rule 3110, broker-dealers like U.S. Bancorp Investments must reasonably supervise the activities of their representatives.  If a firm does not adequately supervise advisors like Danish Rauf, it could be liable for any investor harm.

Our firm represents investors throughout the country as well as Illinois, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud.  Attorney David Neuman is licensed to practice law in Illinois and grew up in the western suburbs of Chicago.  Israels & Neuman has an office in downtown Chicago.

If you were a client of Danish Rauf and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Danish Rauf FINRA AWC
• View his BrokerCheck Report

Contact Us for a Free Case Evaluation

(720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights. We have experience representing Illinois investors and are ready to help you recover what you deserve.