Dallas York of Scottsdale Arizona is a stockbroker formerly registered with Wells Fargo Clearing Services LLC who has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that York failed to cooperate in a FINRA investigation into allegations of York’s “unauthorized withdrawals” from a customer’s account. Department of Enforcement v. Dallas York No. 2017056038801 (Mar. 6 2018).
According to the Complaint, York was fired from Wells Fargo Clearing Services LLC on October 4, 2017 following a complaint having been received by the firm from a customer, where the customer claimed that the customer’s account had been debited by York to get cashier’s checks payable to cash, and those checks were allegedly cashed by York.
The Complaint stated that FINRA launched an investigation following Wells Fargo Clearing Service’s notification of terminating York. In order to examine the circumstances by which Wells Fargo fired York, FINRA sent a letter to York on November 7, 2017, seeking that York provide documentation and information concerning the incident to FINRA by November 21, 2017. York apparently failed to respond.
The Complaint stated that York was sent another request from FINRA for documentation and information referenced in FINRA’s request letter to York, where York was expected to respond to FINRA by December 6, 2017. Rather than respond to FINRA’s specific requests, York sent FINRA a letter seeking to deactivate his FINRA licenses. FINRA Department of Enforcement alleged that York ultimately failed to cooperate with FINRA’s request for documentation and information; conduct violative of FINRA Rules 2010 and 8210.
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