GREGORY FRANCIS KOWAL is currently employed as a Broker and/or Investment Adviser at FIRST HONOLULU SECURITIES, INC. located at 3615 Harding Ave #207, HONOLULU, HI, 96816.
GREGORY FRANCIS KOWAL has worked at FIRST HONOLULU SECURITIES, INC. since August 27, 1979
Disclosure History
GREGORY FRANCIS KOWAL has 9 Disclosure Event(s).
Date: October 20, 2008 Category: Customer Dispute Allegations: UNSUITABLE SECURITIES/CORP BONDS VARIOUS SOME PURCHASES FROM 1999 Damage Amount Requested: $839,101.00 Settlement Amount: $80,000.00 Broker Comment: CLIENT HAS A HISTORY OF INVESTING IN CORP BOND SINCE EARLY 1990S. CLIENT IS CLAIMING UNSUITABLE CORP BOND TRANSACTION DISPITE PREVIOUS PURCHASES OF BONDS ISSUED FROM THE SAME. COMPANY. CLIENT REQUESTED MOVE FROM LESS CORP BOND AND INTO MORE MUNI IN 2005, BROKER COMPLIED. DAMAGE AMOUNT VARIES.IN ORDER SOLELY TO AVOID THE EXPENSE, INCONVENIENCE, DISTRACTIONS & INHERENT UNCERTAINTIES ASSOCIATED WITH ANY PROCEEDING RELATING HERETO,& ADDITIONAL LEGAL FEES & EXPENSE THAT INVEVITABLY WOULD RESULT FROM SUCH PROCEEDING, THE PARTIES DESIRE FINALLY & COMPLETELY TO SETTLE ALL DISPUTES BETWEEN THEM.SETTLEMENT: FOR THE CONSIDERATION ($80000) PROVIDED FOR HEREIN, AND SUBJECT TO ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT, THE [CUSTOMERS] CLAIMANTS & THE FIRST HONOLULU RESPONDENTS HEREBY AGREE THAT THE CLAIMS, ALONG WITH ANY & ALL OTHER CLAIMS THAT THE [CUSTOMER] CLAIMANTS MAY HAVE AGAINST THE FIRST HONOLULU REPONDENTS, OR ANY OTHER ENTITY OWNED, CONTROLLED OR RELATED TO THEM, WHETHER INDIVIDUALLY OR IN ANY REPRESENTATIVE OR DERIVATIVE CAPACITY, ARE HERBY RESOLVED, SETTLED AND COMPROMISED IN THEIR ENTIRETY SUCH THAT THE FIRST HONOLULU RESPONDENTS SHALL NOT, FROM THIS POINT FORWARD AND FOR THE REMAINDER OF TIME, BE LIABLE TO THE [CUSTOMER] CLAIMANTS FOR ANY CLAIM WHATSOEVER.
Date: November 29, 1993 Category: Customer Dispute Allegations: FAILURE TO DISCLOSE MATERIAL INFORMATION,LACK OF REASONABLE BASIS AND SUITABILITY Damage Amount Requested: $139,792.50 Settlement Amount: $14,000.00 Broker Comment: CLAIMANTS HAVE SETTLED FOR $14,000 AND HAVEDISMISSED ARBITRATIONCLAIMANTS ARE SOPHISTICATED INVESTORS WHO HAVEPREVIOUSLY EARNED SIGNIFICANT AMOUNTS OF MONEY FROM THEPURCHASE AND SALE OF DISTRESSED BONDS. CLAIMANTS WERE SEEKINGDAMAGED FROM A DISTRESSED BOND ISSUE THAT WAS SEIZED BY THEOFFICE OF THRIFT SUPERVISOR.
Date: July 28, 1987 Category: Regulatory Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Resolution: Order SanctionDetails: Sanctions: Revocation/Expulsion/Denial Broker Comment: KOWAS WAS DENIED REGISTRATION BY NASDON 7/28/87.
Date: July 14, 1986 Category: Regulatory Initiated By: NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. Resolution: Decision SanctionDetails: Sanctions: Revocation/Expulsion/Denial Broker Comment: KOWAS WAS DENIED REGISTRATION BY NASD(CASE #FS-1086) ON 7/14/86.
Date: January 02, 1985 Category: Regulatory
Date: June 15, 1983 Category: Regulatory Initiated By: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Allegations: SEC ADMINISTRATIVE PROCEEDING RELEASE 34-19876; THE COMMISSION DEEMS IT APPROPRIATE THAT PUBLIC PROCEEDINGS BE INSTITUTED PURSUANT TO SECTIONS 15(B) AND 19(H) OF THE SECURITIES EXCHANGE ACT OF 1934 ("EXCHANGE ACT") WITH RESPECT TO A BROKER DEALER ("REGISTRANT")AND ITS PRINCIPALS TO DETERMINE WHETHER THE REGISTRANT WILLFULLY VIOLATED AND WHETHER KOWAL WILLFULLY AIDED AND ABETTED VIOLATIONS OF SECTIONS 15(C)(3) AND 17(A) OF THE EXCHANGE ACT AND RULES 15C3-1, 15C3-3 AND 17A-3 THEREUNDER. Resolution: Order SanctionDetails: Sanctions: Suspension Sanction Details: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS AND FINDINGS HEREIN, RESPONDENTS BY THEIR OFFER OF SETTLEMENT HEREBY CONSENT TO THE FINDINGS AND THE IMPOSITION THE REMEDIAL SANCTIONS, THEREFORE, KOWAL BE, AND HEREBY IS, SUSPENDED FROM ANY ASSOCIATION WITH ANY BROKER OR DEALER FOR A PERIOD OF 35 BUSINESS DAYS. Broker Comment: FROM AT LEAST MARCH 1981, THROUGH JULY 1981, AND THEREAFTER, A BROKER DEALER(REGISTRANT) WILLFULLY VIOLATED AND RESPONDENT KOWAL WILLFULLY AIDED & ABETTED VIOLATIONS OF SECTION 15(C)(3) OF THE EXCHANGE ACT AND RULE 15C3-1 THEREUNDER BY MAKING USE OF THE MAILS OR ANY MEANS OR INSTRUMENTALITY OF INTERSTATE COMMERCE TO EFFECT ANY TRANSACTION IN OR TO INDUCE OR ATTEMPT TO INDUCE PURCHASE OR SALE OF ANY SECURITY AT A TIME WHEN REGISTRANT WAS NOT IN COMPLIANCE WITH THE COMMISSION NET CAPITAL RULE, COMPUTED IN ACCORDANCE WITH RULE 15C3-1. AS OF JUNE 30, 1981, REGISTRANT HAS A NET CAPITAL DEFICENCY OF AT LEASE $26,045.05; WILLFULLY AIDED AND ABETTED VIOLATIONS OF SECTION 15(C)(3) OF THE EXCHANGE ACT AND RULE 14C3-3(E) THEREUNDER, IN THAT THE REGISTRANT EFFECTED TRANSACTIONS IN, AND INDUCED AND ATTEMPTED TO INDUCE THE PURCHASE AND SALE OF SECURITIES, AT A TIME WHEN REGISTRANT FAILED AND NEGLECTED TO MAINTAIN IN A RESERVE BAND ACCOUNT OR ACCOUNTS THROUGH DEPOSITS MADE THEREIN, CASH OR QUALIFIED SECURITIES IN THE AMOUNT COMPUTED PURSUANT TO THE FORMULA PRESCRIBED BY RULE 15C3-3(E). AS OF JUNE 30, 1981, REGISTRANT FAILED TO HAVE A REQUIRED RESERVE ACCOUNT DEPOSIT OF AT LEASE $173,795 WILLFULLY AIDED AND ABETTED VIOLATIONS OF SECTION 17(A) OF THE EXCHANGE ACT AND RULE 17A-3 THEREUNDER IN THAT REPONDENTS MADE AND CAUSED TO BE MADE FALSE ENTRIES IN THE BOOKS AND RECORDS FO REGISTRANT AND THERBY CAUSED REGISTRANT TO FAIL TO ACCURTELY MAKE AND KEEP CURRENT RECORDS RELATING TO ITS BUSINESS, INCLUDING, BUT NOT LIMITED TO BLOTTERS, LEDGER ACCOUNT, AND SECURITIES POSITION RECORDS.
Date: June 10, 1983 Category: Civil
Date: September 08, 1981 Category: Civil
Date: August 31, 1981 Category: Regulatory
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for GREGORY FRANCIS KOWAL, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.