Steven Kiyoto Hirata, Formerly of PFS Investments, Barred by FINRA Following Refusal to Provide Documents and Information

INVESTORS: Former PFS Investments broker Steven Kiyoto Hirata was barred by FINRA following allegations he refused to provide documents and information requested by FINRA.

Steven Kiyoto Hirata (CRD: 1188927) was registered as a broker with PFS Investments from 2010 until 2021. Previously, Hirata was registered as a broker with PFS Investments from 1984 until 2009.

Hirata has three disclosures on his BrokerCheck report. 

September 2022 Customer Dispute

Status: Pending

Allegations: Statement of Claim alleges Hirata advised claimant to withdraw funds from a PFS Investment account and invest the proceeds in JMJ Capital – an alleged Ponzi-scheme.

Damage Amount Requested: $1,400,000.00

May 2022 Regulatory Judgment

Initiated By: FINRA

Allegations: Without admitting or denying the findings, Hirata consented to the sanction and to the entry of findings that he failed to provide information and documents requested by FINRA in connection with an investigation into whether he participated in an undisclosed private securities transaction.

Resolution: Acceptance, Waiver & Consent (AWC)

Bar: Bar (Permanent)

Registration Capacities Affected:  All Capacities

Duration: Indefinite

Start Date: 5/31/2022

September 2021 Employment Separation After Allegations

Firm Name: PFS Investments Inc.

Termination Type: Discharged

Allegations: Representative admitted to participating in a private securities transaction without notifying them.

The Sonn Law Group is currently investigating allegations surrounding Steven Kiyoto Hirata. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.