Justin Casey Funakura

(CRD #5718194, Bakersfield, California)

February 20, 2025 – An AWC was issued in which Justin Casey Funakura was assessed a deferred fine of $10,000, suspended from association with any FINRA member in all capacities for six months, and ordered to pay deferred disgorgement of financial benefits received in the amount of $4,000, plus interest. 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. The findings also stated that 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. The suspension is in effect from March 3, 2025, through September 2, 2025. (FINRA Case #2023080049001) If you have suffered losses as a result of Justin Casey Funakura's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Justin Casey Funakura. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.