Paul Inouye is an ex broker who had to pay a $5000 fine to FINRA for not disclosing his history of multiple felonies.
The Financial Industry Regulatory Authority fined the former broker at Union Square Advisors in October 2019.
Paul Inouye was charged with felony “rape of spouse” who was unconcious because of an intoxicating substance.
Moreover, he was charged with felony false imprisonment by violence on October 8, 2019.
In October 2019, he entered a nolo contendere plea to the felony false imprisonment by violence, according to FINRA.
On the other hand, the court had dismissed teh rape charge.
FINRA said Paul failed to amend his Form U4 where he had to disclose that he was charged with those two felonies.
Moreover, it said he didn’t amend his Form U4 to disclose his nolo contendere plea to a felony as well.
FINRA revealed that it was a violation of Article V, Section 2(c) of their By-Laws and FINRA Rules 1122 and 2010.
It’s worth noting that Rule 1122 is related to filing misleading information about registration while Rule 2010 consists of the governing standards of commercial honor.
While he didn’t admit or deny FINRA’s allegations, he signed a FINRA letter of acceptance, waiver and consent. There, he consented to their sanctions.
Paul Inouye is No Longer a Registered Broker
According to the BrokerCheck website, Paul Inouye is no longer a registered broker. He doesn’t have any state licenses.
As per the consent order, Paul had to pay a civil and administrative fine of $5,000 and face suspension of 6 months.
His suspension began on 19-4-2021 and ended on 18-10-2021.
Paul Inouye had become a registered general securities representative with FINRA through Union Square Advisors.
However, in 2020, Union Square Advisors ended their association with Paul without specifying the reason for the decision.
Where is Paul Inouye Now?
Currently, Paul Inouye brandishes himself as an entrepreneur who runs his own M&A boutique. He claims to have over 30 years of experience in west coast banking technology.
Moreover, he promotes himself as an expert in mergers and acquisitions and claims to specialize in transactions for both software and online tech enterprises.
The name of Paul’s new firm is Western Hills Partners. He claims to have worked with some of the largest tech players in the west coast.
Paul is currently based in Portola Valley, California, US.
He has studied at Wharton School of the University of Pennsylvania and UC Berkeley, Haas Business School.
After going through the above points, it’s obvious that Paul Inouye is not as reliable as he markets himself to be.
He has faced charges of raping his spouce after giving them an intoxicating substance. Moreover, he lost his license as a finance advisor after he failed to disclose the felonies he was charged with.
There are plenty of finance professionals who have lost their license yet promote themselves as experts in the sector. For example, Justin Goodbread faced a $400,000 lawsuit for misrepresentation and has an unregistered advisory firm but touts himself as an expert.
Due to these reasons, it would be best for you to beware.
Paul Inouye lost his financial advisory license after FINRA found out about the charges he faced for raping his spouse and false imprisonment by violence. He used to work at Union Square Advisors.
- Faced charges of rape
- Faced charges of false imprisonment by violence
- Doesn't have a broker license