FINRA fined and suspended securities broker Justin Casey Funakura [CRD: 5718194, Bakersfield, California], according to public information on FINRA BrokerCheck. Evidently, Funakura worked for Farmers Financial Solutions LLC from October 21, 2009, to October 23, 2023. Read below to learn more about the disclosures involving Funakura.
Evidently, on February 20, 2025, FINRA issued Case: 2023080049001 sanctioning Justin Funakura with a six-month suspension in all capacities, a $10,000 fine, and an order to disgorge $4,000 plus interest. FINRA alleged that Funakura engaged in private securities transactions without approval from his firm, Farmers Financial Solutions LLC.
Between August 2021 and April 2022, Funakura introduced nine investors (one of which was a client of the securities broker dealer) to a company that claimed to run investment programs and crypto asset mining. He reportedly facilitated investments totaling $120,000 through promissory notes for commissions. Supposedly, he also provided information about the offering to investors. The company defaulted on the notes, and later the Illinois Secretary of State’s Securities Department took legal action against the company. FINRA also determined that Funakura provided false answers on compliance questionnaires by denying involvement in private securities transactions or receipt of outside compensation, which led to violations of FINRA Rules 3280 and 2010.
Evidently, Farmers Financial Solutions LLC disaffiliated with Funakura on October 17, 2023. Allegedly, Funakura failed to give written notice to the firm about proposed private securities transactions. The firm indicated that he violated its policy and FINRA rules.
Do you need clarification on any investment losses relating to Justin Funakura? If so, contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. The firm also takes cases on a contingency fee basis and advances all costs. Funakura and brokerage firms Funakura worked for deny all accusations referenced in public disclosures.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
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