In July 1994, Massaharu Hoashi first entered the securities industry. From February 20, 2008 through March 17, 2012 he was registered with LPL Financial. Mr. Hoashi was subsequently registered with Foothill Securities in Honolulu, HI until his resignation in 2012. He is no longer associated with any FINRA members.
On May 25, 2012, Massaharu Hoashi and FINRA entered into a letter of acceptance, waiver and consent, known as an AWC (No. 201000222455-01). According to the AWC, while employed by LPL Financial in August 2008, Mr. Hoashi instructed his assistant to affix signatures of two customers onto an account transfer form by “cutting and pasting” them. This forgery was done without the customers’ knowledge, authorization or consent in violation of NASD Rule 2110.
As a result of the foregoing activity, Massaharu Hoashi consented to a $10,000 fine as well as a suspension from any FINRA firm for two months. For more information about Mr. Hoashi’s fine and suspension, please visit FINRA’s website.