{"id":11881,"date":"2026-02-06T16:49:10","date_gmt":"2026-02-06T21:49:10","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11881"},"modified":"2026-02-06T16:49:10","modified_gmt":"2026-02-06T21:49:10","slug":"sec-bars-broker-ejiro-ode-okuma-after-9m-client-fund-misappropriation","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-bars-broker-ejiro-ode-okuma-after-9m-client-fund-misappropriation\/","title":{"rendered":"SEC Bars Broker Ejiro Ode Okuma After $9M Client Fund Misappropriation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"After allegedly misappropriating over $9 million from an elderly client to finance a high-dollar lifestyle, Smyrna, Georgia-based Ejiro Okuma has agreed to pay the U.S. Securities and Exchange Commission a sum of more than $13 million, including a civil penalty of $3 million.\n\nEjiro Ode Okuma (CRD# 5774832, also known as \u201cEJ Okuma\u201d) is a former registered broker and investment advisor whose last known employer was Equitable Advisors, LLC (CRD#:6627) of Atlanta, GA. His previous employer was Edward Jones (CRD#:250), also of Atlanta. Additionally, Okuma also owned and operated Okuma Capital Management in Georgia. He has been in the industry since 2010.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>After allegedly misappropriating over $9 million from an elderly client to finance a high-dollar lifestyle, Smyrna, Georgia-based Ejiro Okuma has agreed to pay the U.S. Securities and Exchange Commission a sum of more than $13 million, including a civil penalty of $3 million. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-bars-broker-ejiro-ode-okuma-after-9m-client-fund-misappropriation\/#more-11881\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After allegedly misappropriating over $9 million from an elderly client to finance a high-dollar lifestyle, Smyrna, Georgia-based Ejiro Okuma has agreed to pay the U.S. Securities and Exchange Commission a sum of more than $13 million, including a civil penalty of $3 million. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[],"class_list":["post-11881","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Bars Ejiro Ode Okuma After $9M Client Fund Misappropriation<\/title>\n<meta name=\"description\" content=\"After allegedly misappropriating over $9 million from an elderly client Ejiro Okuma has agreed to pay the SEC more than $13 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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