Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 14, 2018 indicate that Hawaii-based Independent Financial Group broker/adviser Herbert Shiraishi has received pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Shiraishi (CRD# 1835557).
Herbert Shiraishi has spent 29 years in the securities industry and has been registered with Independent Financial Group in Honolulu, Hawaii since 2016. Previous registrations include United Planners’ Financial Services of America in Honolulu, Hawaii (2013-2016); Securities America in Honolulu, Hawaii (2009-2013); Brecek & Young in Honolulu, Hawaii (2008-2009); LPL Financial Corporation in Honolulu, Hawaii (2000-2008); SunAmerica Securities in Phoenix, Arizona (1998-2000); Aetna Investment Services in Windsor, Connecticut (1993-1998); Aetna Insurance and Annuity Company in Hartford, Connecticut (1991-1993); John Hancock Distributors in Boston, Massachusetts (1988-1992); and John Hancock Mutual Life Insurance Company in Boston, Massachusetts (1988-1992). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 27, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 30, 1998; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on July 6, 1988; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on March 10, 2000. He is a registered broker and investment adviser with 12 US states and territories: California, Hawaii, Illinois, Maryland, Michigan, Nevada, North Carolina, Oregon, Texas, Utah, Virginia, and Washington.
According to his BrokerCheck report, he has received two pending customer complaints and two customer complaints that were closed or denied.
In May 2018 a customer alleged Herbert Shiraishi, while employed at Independent Financial Group, recommended an unsuitable variable annuity investment. The customer is seeking rescission of the $370,000 in funds invested in the pending complaint.
In January 2017 a customer alleged Herbert Shiraishi, while employed at United Planners Financial Services and Shiraishi Financial Group Advisors, failed to adequately disclose variable annuity commissions. The customer is seeking unspecified damages in the pending complaint.
In January 2017 a customer alleged Herbert Shiraishi, while employed at United Planners Financial Services, failed to fully inform him of his options when he purchased a variable annuity product and requested the policy be canceled with no CDSC. The customer sought $7,708 in damages in the complaint, which was denied.
In 2009 a customer alleged he, while employed at LPL Financial, recommended unsuitable investments. The customer sought unspecified damages in the complaint, which was closed with no action taken.
If you or someone you know has lost money investing with Herbert Shiraishi, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.