Ejiro Ode Okuma

Last updated: February 10, 2026

ChapmanAlbin is investigating potential claims on behalf of investors and families impacted by Ejiro Ode Okuma (CRD 5774832). The SEC announced a settled federal court action alleging that Okuma, a Georgia-based investment adviser, misappropriated more than $9.8 million from an elderly advisory client.

If you or a family member worked with Ejiro Ode Okuma and have concerns about unauthorized transfers, missing funds, or unexplained account activity, you may have options to pursue recovery.

Key facts (at a glance)

• Name: Ejiro Ode Okuma
• CRD: 5774832
• Registration status: Not currently registered
• Prior firms (BrokerCheck):
  • Equitable Advisors, LLC (05/2023 to 06/2025)
  • Edward Jones (05/2010 to 05/2023)
• BrokerCheck disclosures reported: 1 regulatory event, 1 civil event, 1 customer dispute, 1 termination

SEC allegations: misappropriation from an elderly client

In Litigation Release No. 26474 dated February 4, 2026, the SEC stated it filed a settled action alleging Okuma breached fiduciary duties to an elderly advisory client and misappropriated more than $9.8 million of the client’s assets.

The SEC complaint alleges the conduct occurred between March 2022 and March 2025 and involved misappropriating more than $9.8 million from an elderly client.

How the SEC says the scheme worked

• Early transfers tied to an estate: the complaint alleges Okuma began by stealing approximately $900,000 from the client and the estate of the client’s deceased sister.
• An unauthorized brokerage account: the complaint alleges that in February 2023, Okuma opened a new brokerage account purportedly for a trust in the client’s name, transferred more than $9 million in securities into it, then sold securities and used proceeds to support his lifestyle.
• Alleged concealment tactics: the complaint alleges Okuma set up account access and credentials so he could control the account, and created an email account to electronically impersonate the client.
• Checks and forged signatures: the complaint alleges that between August 2023 and March 2025, Okuma drafted checks totaling $6.743 million and $500,000 tied to entities he controlled or was affiliated with, and that the client’s signature appears to have been forged.
• Where the money allegedly went: the complaint alleges Okuma used misappropriated funds to build a multi-million-dollar residence, purchase vehicles, and buy vacation homes.

The SEC release also states Okuma asserted his Fifth Amendment right in response to questions regarding his use of client funds.

What the SEC says about the settlement terms

The SEC release states Okuma agreed to the entry of a final judgment (subject to court approval) including permanent injunctions and a conduct-based injunction, plus monetary relief. See Litigation Release No. 26474.

The SEC release lists the following amounts:

• Disgorgement: $9,025,424.89
• Prejudgment interest: $1,029,626.64
• Civil penalty: $3,000,000

See the SEC release: Litigation Release No. 26474.

Why this matters for investors and families

In many cases involving elderly investors, warning signs can include:

• sudden changes in beneficiary designations or account signatories
• new accounts opened that the client does not understand
• transfers out of brokerage accounts into unfamiliar bank accounts
• checks that the client does not recall signing
• unusual or unexplained lifestyle purchases by the adviser

The SEC complaint describes a situation where the client relied almost exclusively on the adviser for financial matters and daily-life logistics.

What to do if you worked with Ejiro Ode Okuma

1. Gather documents: account statements, confirmations, canceled checks, wire records, emails and texts.
2. Write down a timeline: when you noticed issues, who you spoke with, and what explanations were given.
3. Request records from your brokerage firm(s), including any internal notes or supervisory documentation, if applicable.
4. Do not sign releases or accept any resolution offer without legal review.

Speak with ChapmanAlbin

If you or a family member invested with Ejiro Ode Okuma (CRD 5774832) and have concerns about missing funds, unauthorized transfers, or alleged misappropriation, ChapmanAlbin can evaluate your situation and discuss potential options. Call ChapmanAlbin at (877) 410-8172 for a free, confidential consultation.