Justin Funakura Faces 6-Month FINRA Suspension

Justin Funakura (CRD #: 5718194), a broker formerly registered with Farmers Financial Solutions, has been suspended by FINRA, according to his BrokerCheck record, accessed on March 18, 2025. Keep reading to learn more about his alleged conduct as a broker.

FINRA Suspension

On February 20, 2025, Justin Funakura consented to the entry of findings that he allegedly participated in private securities transactions without providing prior notice to Farmers Financial Solutions.

According to a Letter of Acceptance, Waiver & Consent (AWC), these transactions allegedly involved a company offering investments in crypto asset funds and programs in the form of promissory notes that would pay investors returns on a schedule.

From August 2021 to April 2022, Justin Funakura allegedly solicited investments in these notes from nine investors, including one client of Farmers Financial Solutions, allegedly totaling $120,000.

Justin Funakura allegedly introduced investors to the opportunity, provided information from the company about the crypto funds, and facilitated these investments. He allegedly received $4,000 in commission.

In approximately June 2022, the company allegedly defaulted on the notes.

Alleged Failure to Provide Notice to Firm

Justin Funakura allegedly failed to provide Farmers Financial Solutions with prior written notice of his participation in these securities transactions and did not receive approval to participate from the firm.

Further, he allegedly responded falsely to questions asking whether he had engaged in private securities transactions or received compensation for outside transactions on annual compliance questionnaires for 2021 and 2022.

The AWC concluded that these allegations constituted violations of FINRA Rules 3280 and 2010.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide written notice to their firm before engaging in private securities transactions.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Justin Funakura consented to the following sanctions:

• Six-month suspension from associating with FINRA members
• $10,000 fine
• Disgorgement of $4,000 plus interest

His suspension began on March 3, 2025, and will end on September 2, 2025. You can access the full AWC here.

Termination from Farmers Financial Solutions

On October 17, 2023, Justin Funakura was fired from Farmers Financial Solutions following allegations that he failed to notify the firm in writing prior to participating in private securities transactions.

Background Information

Justin Funakura has passed the following exams:

• Investment Company Products/Variable Contracts Principal Examination – Series 26
• Securities Industry Essentials Examination – SIE
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for Farmers Financial Solutions (CRD#:103863).

Kurta Law Can Help

If you worked with Justin Funakura and you 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.