Jason Mitsuda: $499K Complaint Against Former Equitable Advisor

Honolulu financial advisor Jason Mitsuda (CRD# 6718373) recently received an investor complaint alleging that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Pruco Securities and an investment advisor with Prudential Securities, having previously been registered with Ameriprise Financial Services and Equitable Advisors.

Mr. Mitsuda’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Equitable Advisors, he recommended unsuitable investments in exchange-traded funds. The pending complaint alleges damages in excess of $499,000.

Prudential Securities’ website includes a page about Mr. Mitsuda that describes his services, including retirement planning and insurance. “Nothing compares to the feeling of helping a family or individual plan for their financial future,” it states. “Whether you are recently married, buying a house, taking care of a loved one or preparing to retire, each new stage of life is exciting and uncertain. Ensure you’re protected with life, auto, home, long-term care and disability insurance.”

According to the Financial Industry Regulatory Authority, Jason Mitsuda holds six years of securities industry experience. Based in Honolulu, Hawaii, he has been a broker with Pruco Securities and an investment advisor with Prudential Securities since December 2023. His past registrations include Cetera Investment Services (Honolulu, Hawaii; 2023), Ameriprise Financial Services (Honolulu, Hawaii; 2022-2023), Equitable Advisors (Honolulu, Hawaii; 2020-2022), and Pruco Securities (Honolulu, Hawaii; 2017-2020). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Hawaii. (Information current as of March 24, 2024.)

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