Have you lost money as a result of investing with Bruce Harada? If so, the securities attorneys of The White Law Group may be able to help.
According to reports, Bruce Harada has been charged with two counts of securities fraud and one count of money laundering. These charges relate to accusations that he stole more than $2 million from at least 21 Hawaii victims. These same reports indicate that Harada was an independent financial adviser for ING and that he managed the compensation plans for active and retired employees for the firm. Prosecutors in the ongoing criminal trial claim that Harada invested the checks he received from his clients for his own personal use.
The White Law Group is currently investigating the potential liability ING may have for failure to properly Bruce Harada and to uncover this alleged fraud. Brokerage firms have a responsibility to supervise their financial advisors and to ensure that their agents are complying with the applicable securities laws in their dealings with clients. To the extent that it can be demonstrated that ING failed to adequately supervise Harada, the firm may be liable for any losses that occurred as a result of his actions.
According to Bruce Harada’s FINRA Broker Report (CRD), he was employed by ING Financial Partners/ING Financial Advisors, LLC from January 2007 through May 2012 in the firm’s Honolulu, Hawaii office. His CRD further indicates that prior to working for ING, Harada had worked for Financial Network Investment Corporation from March 1999 through December 2006. His CRD also indicates that he is currently the subject of 9 ongoing customer complaints and he has been terminated by ING for “violation of firm’s policies and procedures regarding the handling of customer funds.”
To discuss your recovery options with a securities attorney, please call The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.