Hawaii Financial Advisor Lyle Uyeda Barred After $1.45 Million in Client Loans
The Financial Industry Regulatory Authority (FINRA) has permanently barred former financial advisor Lyle Hisaji Uyeda (CRD#: 2637150) after allegations that he improperly borrowed more than $1.45 million from a client.
FINRA Bars Former Planmember Securities Broker
According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC) published on August 28, 2025, Uyeda failed to appear for on-the-record testimony in connection with an investigation into his employment termination. His refusal to cooperate resulted in a permanent bar from associating with any FINRA member firm in any capacity.
Uyeda, who began his career in the securities industry in 1995, was most recently registered with Planmember Securities Corporation in Mililani, Hawaii, from 2011 until May 2025.
Allegations of Improper Loans
Planmember discharged Uyeda in May 2025 after discovering that he had allegedly engaged in a series of personal loans with a client totaling approximately $1.45 million. According to the firm’s Form U5 filing, Uyeda did not seek or obtain approval from his firm before entering into these arrangements.
The firm first became aware of the loans when Uyeda disclosed them to his supervisor in April 2025.
Kyle Uyeda’s Background
According to his FINRA BrokerCheck report, Uyeda had 29 years of experience in the securities industry and was previously registered with the following firms:
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Planmember Securities Corporation (2011 – 2025; 2000 – 2001) – Mililani, HI and Carpinteria, CA
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Symetra Investment Services, Inc. (2001 – 2011) – Mililani, HI
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Safeco Investment Services, Inc. (1995 – 2000) – Boston, MA
Uyeda agreed to the FINRA bar without admitting or denying the findings.
Investor Concerns – Borrowing Money from Clients
FINRA rules strictly prohibit registered representatives from borrowing money from customers under most circumstances. Such conduct raises significant concerns about conflicts of interest, misuse of client funds, and potential fraud.
When a financial advisor engages in undisclosed loans or other outside business activities, investors may be at risk for serious financial harm.
Recovering Investment Losses
If you suffered financial losses working with Lyle Uyeda or another broker at Planmember Securities, you may be able to recover your losses through FINRA arbitration. Brokerage firms have a duty to reasonably supervise the activities of their financial advisors. If they fail to do so, they may be liable for investment losses.
Hiring a Securities Attorney
The White Law Group has handled over 800 FINRA arbitration cases nationwide and has recovered millions of dollars on behalf of defrauded investors. Our firm exclusively represents investors in claims against brokerage firms.
If you have concerns regarding your investments with Lyle Uyeda or Planmember Securities, please contact The White Law Group at 888-637-5510 for a free consultation.
Free Consultation
To learn more about your legal options, please visit our website at www.whitesecuritieslaw.com
Last modified: September 4, 2025
