Ex-LPL Financial, APW Capital's Paul Furusho Barred After Loan Investigation

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FINRA barred former LPL Financial (Ross, California) and APW Capital (San Francisco) broker Paul Wesley Furusho for failing to cooperate with an investigation into a private loan Furusho facilitated, which itself resulted in Furusho's termination from APW Capital.

According to AWC #2020066177702, APW Capital broker Paul Furusho (CRD #2165709) failed to appear as requested during FINRA's investigation into an undisclosed outside business activity and prohibited loan.

In March 2020, both APW Capital and Tactivest, LLC (a firm in Ross where Furusho served as an investment adviser representative) permitted Furusho to resign during an internal review regarding the guaranteeing of a loan that, ultimately, resulted in the borrower failing to make payment.

Furusho's BrokerCheck file indicates that Furusho also failed to disclose the loan as an outside business activity.

Failing to disclose outside business activities or engaging in unauthorized loans or other financial activity could lead to a conflict of interest situation or loss of industry-mandated investor protection and regulation that might place clients in financial jeopardy.

If you invested with former LPL Financial and APW Capital broker Paul Wesley Furusho or with any other registered representative who improperly facilitated a loan or conducted other securities business or sales away from their firm, and this misconduct has proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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