Wale Kajopaiye Fired by PFM Fund Distributors

Wale Kajopaiye (CRD #: 5718734) has been fired by PFM Fund Distributors. This disclosure appears on his BrokerCheck record, accessed on October 6, 2023. Keep reading for more information. 

On September 1, 2023, PFM Fund Distributors fired Wale Kajopaiye following allegations that he violated his brokerage firm’s policy related to outside business activity. 

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. Firms may also require brokers to seek approval of any outside business.

Outside Businesses 

Wale Kajopaiye has the following outside business listed on his detailed BrokerCheck record: 

• AMI Capital Ventures LLC 
• Digital, on-demand course on financial education
• Real estate: Renting out vacation properties

Background Information 

Wale Kajopaiye has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination
• Series 66 Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• Series 7 General Securities Representative Examination 

He has registered with the following firms: 

• PFM Fund Distributors (CRD #: 114474) 
• TIAA-CREF Individual & Institutional Services (CRD #: 20472) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• GWFS Equities (CRD #: 13109) 
• Waddell & Reed (CRD #: 866) 

Kurta Law Can Help

If you worked with Wale Kajopaiye and 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.