Victim of Financial Fraud? Call Now
Home » Broker Blog » Eric Takao Facing a Mutual Fund Dispute

Eric Takao Facing a Mutual Fund Dispute

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 6, 2025 at 2:53pm

Eric Takao (CRD #: 804445), a broker registered with NYLife Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on August 6, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 15, 2022, an investor alleged that Eric Takao recommended selling mutual funds that incurred a $60,000 tax liability. The dispute setted for $177,167.87. 

There are two other disputes on his record. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Eric Takao has passed the following exams: 

  • Series 6TO Investment Company Products/Variable Contracts Representative Examination 
  • Series 7TO General Securities Representative Examination 
  • SIE Securities Industry Essentials Examination 
  • Series 22 Direct Participation Programs Representative Examination 
  • Series 1 Registered Representative Examination 
  • Series 63 Uniform Securities Agent State Law Examination 

He is a registered broker in 27 states. 

Kurta Law Can Help

If you worked with Eric Takao and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories