Dawei Wang of Norco California a stockbroker formerly registered with Merrill Lynch Pierce Fenner Smith Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by accusations that information was not provided by Wang to FINRA personnel after it was requested of him. Case No. 2017055025901 (Jan. 8, 2018).
FINRA Public Disclosure confirms that Wang was initially suspended by FINRA on October 27, 2017, after having failed to comply with FINRA’s request for his information. Wang was informed by FINRA that in order for the suspension to be lifted, a request for the termination of Wang’s suspension would need to be provided to FINRA personnel by January 7, 2018. Wang never corresponded with FINRA in that regard, causing FINRA to impose an indefinite bar on January 8, 2018.
FINRA’s imposition of a bar came just months after he was discharged by Merrill Lynch. Particularly, on July 6, 2017, Merrill Lynch terminated Wang for cause, citing allegations that he violated the company’s policies by altering customer account documentation.
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