Keliikai Castillo Terminated Following Outside Business Allegations

Kellikai Castillo (CRD #: 4858601) has been fired by UnionBanc Investment Services. This disclosure appears on his BrokerCheck record, accessed on September 7, 2023. Keep reading if you have questions about his conduct as a broker. 

On July 24, 2023, Unionbanc Investment Services fired Keliikai Castillo following allegations that he engaged in an unreported outside business activity. The firm further alleged he had participated in private securities transactions.

He has no outside businesses reported in his detailed BrokerCheck record. 

FINRA Rule 3270 – Outside Business and Selling Away

FINRA Rule 3270 requires brokers to inform their firm of any outside business activities or any investments sold away from the firm. The brokerage firm may prohibit the activity if the firm believes the proposed activity may compromise the broker’s duties. 

FINRA Rule 3280 – Private Securities Transactions

FINRA Rule 3280 requires brokers to seek approval from their firm before engaging in private securities transactions.

Background Information 

Keliikai Castillo has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He has registered with the following firms: 

• UnionBanc Investment Services (CRD #: 14455)
• Banc of America Investment Services (CRD #: 16361) 
• WM Financial Services (CRD #: 599) 

Kurta Law Can Help

If you worked with Kellikai Castillo 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. The firm only earns a fee if our securities attorneys recover money on your behalf.