Paul Furusho (APW Capital) Barred As Securities Broker

APW Capital Broker Paul Furusho Barred As Securities Broker By FINRA

The Financial Industry Regulatory Authority (FINRA) reportedly barred securities broker Paul Wesley Furusho (CRD#: 2165709, San Francisco, California). Specifically, the regulator indefinitely prohibited Furusho from working as a securities broker because of alleged misconduct during an investigation. Not only that, but Furusho’s recent employer, APW Capital Inc., reported that Furusho voluntarily resigned amid an internal review concerning Furusho’s outside business activity and involvement with a client loan. Here’s more.

FINRA Bars Paul Furusho To Resolve Allegations Of His Failure To Cooperate In Investigation

Evidently, FINRA barred Furusho on September 15, 2021, because he failed to testify in an investigation. Mainly, FINRA rules require securities brokers to cooperate with FINRA investigations, and the failure to cooperate often results in a bar. In this case, FINRA wanted more information about Furusho’s departure from APW Capital Inc. However, the regulator did not receive Furusho’s cooperation.
FINRA notes that Paul Furusho resigned while APW Capital Inc. was internally reviewing his activities. The firm reportedly learned about Furusho loaning money to a client or otherwise facilitating a client loan. Not only that, but the firm referenced an outside business activity that Furusho did not disclose.
FINRA asked for Paul Furusho to respond to the allegations that APW Capital Inc. made. To this effect, FINRA sent Furusho a letter in July 2021 regarding testifying in August 2021. Supposedly, Furusho did not appear or otherwise testify. FINRA says that it sent Furusho a second request to testify. Furusho purportedly failed to appear because of a power outage in his area. The regulator tried a third time to get Furusho to testify but was unsuccessful.

Tactivest LLC Permits Furusho To Resign

It appears that Paul Furusho had associated with Tactivest as a financial advisor. Supposedly, the firm permitted Furusho to resign because of Furusho allegedly arranging a private loan. Tactivest states that one of the clients of Tactivest loaned funds to someone and that Furusho assumed liability when the borrower defaulted on their payment.

Did You Face Financial Harm Because Of Paul Furusho?

Did securities broker Paul Furusho cause you to suffer losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors recover compensation when they have incurred losses by their financial advisors and securities brokers. Please note that Furusho denies all allegations of his sales practice violations.