Ex-Broker Fined for Not Disclosing Charges of Rape, False Imprisonment

Union Square Advisors, Inouye and Christopher Cooke, a partner at Burlingame, California law firm Murphy Cooke, who represented Inouye, did not respond to requests for comment.

Inouye founded the firm Western Hills Partners in February 2020 and serves as its president, according to his LinkedIn profile. He describes the company as a “software and Internet focused advisory consultant.”

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On July 24, 2019, a criminal information was filed in the County of San Mateo, California Superior Court, charging Inouye with felony “rape of spouse unconscious by intoxication & anesthetic substance.”

“At the time the felony charge was filed, Inouye was required to amend his Form U4 within 30 days to disclose the charge,” according to FINRA. “He failed to do so.”

On Oct. 8, 2019, amended information was filed at the court, charging Inouye with felony false imprisonment by violence. “On the same day, Inouye was aware of the second felony charge because he appeared [in] court, waived arraignment on the amended information, and entered a plea of nolo contendere,” FINRA said.

As part of the plea, Inouye’s first felony charge was dismissed, FINRA said. “At the time Inouye entered the nolo contendere plea, he was aware of the plea and was required to amend his Form U4 within ten days to disclose the nolo contendere plea,” it noted. However, he again failed to do so, according to FINRA.

Inouye didn’t notify Union Square about the charges until Jan. 29, 2020, according to FINRA. The firm amended his Form U4 to disclose the first felony charge on Jan. 31, 2020, FINRA said.

The felony charges dated back to September 2012, when he was registered with FINRA as a rep for Moelis & Co., according to BrokerCheck. The charges also included a third felony, for assault, to which he pleaded nolo contendere to on Feb. 5, 2020, according to court documents.

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