Toki Uchiyama Allegedly Failed to Explain Annuity Products
Toki Uchiyama (CRD #: 5665633), a broker registered with Equitable Advisors, allegedly failed to explain annuities to a client, according to her BrokerCheck record, accessed on November 21, 2022. Read on to learn more about her conduct as a broker.
On August 10, 2022, an investor alleged Toki Uchiyama failed to properly explain the terms and conditions of annuity products purchased in 2018. This dispute was denied by the firm.
On June 17, 2020, an investor alleged Toki Uchiyama sold them unsuitable variable annuities in 2020. The firm denied the dispute.
Investors should be aware, however, that firms don’t need to allow an outside review before denying a dispute. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.
FINRA Rule 2020
FINRA Rule 2020 bans the use of deception, manipulation, and other unethical means of influencing the purchase and sale of securities. Misrepresenting or omitting information about investments violates this rule.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consider the information described in an investor’s profile, such as their age, tax status, and other investments.
Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.
Toki Uchiyama has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Toki Uchiyama is a registered broker in seven states and a registered investment adviser in six states.
Kurta Law Can Help
If you worked with Toki Uchiyama and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.