Dale Alan Okuno (CRD #816524) Has a Regulatory Action Disclosure on FINRA BrokerCheck

Dale Alan Okuno (CRD #816524) was previously registered as a broker. His FINRA BrokerCheck report shows one regulatory action disclosure. We reviewed his BrokerCheck report on May 7, 2026. If you invested with Dale Okuno and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Actions

Dale Okuno’s FINRA BrokerCheck Report reflects one regulatory action disclosure. A summary of the regulatory action is below:

On January 14, 2026, California initiated a regulatory action against Dale Okuno. Dale Okuno’s FINRA BrokerCheck Report states that he failed to complete and report IARCE through FINRA’s IARD system. The reported violations involved Section 25236(a) and 10 C.C.R. 260.236.2(b) and (g). The matter became final the same day. The resolution was an order. The sanction was an order to discontinue violations.

Rule Summary #1: FINRA Rule 1240 (Continuing Education)

FINRA Rule 1240 covers continuing education for registered persons. It shows why required education deadlines matter in the securities industry. The rule also explains what can happen when a covered person does not complete CE on time.

Rule Summary #2: FINRA Rule 1122 (Filing of Misleading Information as to Membership or Registration)

FINRA Rule 1122 bars incomplete or inaccurate registration filings that could mislead FINRA. It also requires correction after notice of a filing issue. Reporting issues can raise concerns about record accuracy.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on Dale Okuno’s FINRA BrokerCheck report, Dale Okuno:

Is not currently registered as a broker.

Has passed one principal/supervisory exam and three general industry/product exams. Dale Okuno has passed the Series 24, SIE, Series 7, and Series 1 exams.

Was previously registered with firms that include Transamerica Financial Advisors, Inc.; Transamerica Securities Sales Corporation; and Royal Alliance Associates, Inc.

Kurta Law Can Help

If you have worked with Dale Okuno, Kurta Law may be able to help. We can evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors. The firm helps hold financial professionals accountable. Our attorneys represent clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, we can review the facts and explain possible next steps.