Steven Hirata Barred by FINRA

Steven Hirata (CRD #: 1188927) has been barred by FINRA, according to his BrokerCheck record, accessed on July 8, 2022. Keep reading if you have questions about his conduct as a broker.

Bar by FINRA

On May 31, 2022, FINRA barred Steven Hirata following his alleged refusal to provide information or documents in connection with a FINRA investigation into his discharge from PFS Investments.

This alleged refusal to provide information violates FINRA Rules 8210 and 2010.

FINRA Rules 8210 and 2010

FINRA Rule 8210 requires members to submit their books and records for inspection by FINRA. Brokers must also submit requested testimony in response to FINRA investigations.

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

Sanctions

Starting on May 31, 2022, Steven Hirata was indefinitely barred from associating with FINRA members in all capacities.

You can read the full AWC filing here.

Discharge from PFS Investments

On September 2, 2021, Steven Hirata was fired from PFS Investments after allegedly admitting to participating in a private securities transaction without notifying the firm.

FINRA Rule 3280

FINRA Rule 3280 requires brokers to provide their firms with disclosures when they participate in securities transactions outside their firms.

Background Information

Steven Hirata has passed the following exams:

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

He previously worked for PFS Investments (CRD#:10111).

Kurta Law Can Help

If you worked with Steven Hirata 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 and 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.