Former First Allied Securities, Inc. broker Kevin Asano (CRD# 4450052) is accused of real estate securities losses. He has been registered with Cetera Advisors LLC in Honolulu, Hawaii since 2022 and with Cetera Investment Advisers LLC since 2020. Previously, he was registered with First Allied Securities, Inc. in Honolulu, Hawaii from 2007 to 2022 and with First Allied Advisory Services, Inc. in Honolulu, Hawaii from 2012 to 2020.
Kevin Asano Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
September 2022. “Claimants allege financial adviser recommended unsuitable investments. Claimants further allege causes of action of suitability, misrepresentation, breach of contract and failure to supervise.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding real estate securities losses and took place while he was registered with First Allied Securities, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, First Allied Securities, Inc. may be liable for investment or other losses suffered by Kevin Asano’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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