Hiroshi Mizutani Allegedly Recommended Unsuitable Investments

Hiroshi Mizutani (CRD #: 3259903), a broker registered with Western International Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On July 30, 2024, an investor alleged that Hiroshi Mizutani recommended an unsuitable investment. They further alleged that he made misrepresentations. 

The investor is seeking $200,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

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 

Hiroshi Mizutani has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 6TO Investment Company/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in seven states and is a registered investment adviser in California. 

Hiroshi Mizutani has registered with four firms: 

• Western International Securities (CRD #: 39262) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• CitiGroup Global Markets (CRD #: 7059)
• CitiCorp Investment Services (CRD #: 23988) 

Kurta Law Can Help 

If you worked with Hiroshi Mizutani and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.