JUSTIN FUNAKURA Suspended After FINRA Allegations – Goodman & Nekvasil, P.A., May Recover Investor Losses
Former FARMERS FINANCIAL SOLUTIONS, LLC broker, JUSTIN FUNAKURA Suspended After FINRA Allegations.
CRD#: 5718194
JUSTIN CASEY FUNAKURA (CRD#: 5718194), a former registered representative for FARMERS FINANCIAL SOLUTIONS, LLC in BAKERSFIELD, CA, consented to a six-month suspension from associating with any FINRA member in all capacities, a $10,000.00 fine, and $4,000.00 disgorgement.
According to FUNAKURA’s FINRA BrokerCheck Report, Without admitting or denying the findings, Funakura consented to the sanctions and to the entry of findings that he participated in private securities transactions by soliciting investors to invest a total of $120,000 in promissory notes issued by a company claiming to operate crypto asset mining and investment programs without prior written notice to, or approval from, his member firm.
The findings stated that one of the investors was a customer of the firm. Funakura’s involvement in the investments included introducing investors to the investment opportunity, providing information regarding the funds offered by the company to investors, and facilitating their transactions. Funakura received $4,000 as a commission for soliciting these investments. The company later defaulted on the notes. Subsequently, the State of Illinois Secretary of State, Securities Department initiated proceedings against the company and ultimately issued a Final Order of Prohibition, finding, among other things, that the company and related individuals committed fraud in the offer and sale of securities. In addition, on annual compliance questionnaires, Funakura falsely answered “no” to questions asking whether he had engaged in private securities transactions or received compensation for transactions outside of the firm.
JUSTIN CASEY FUNAKURA Suspended After FINRA Allegations.
Goodman & Nekvasil, P.A. is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 2/27/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.