Taek Man Chong of Mercer Island Washington a stockbroker formerly employed by Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate with FINRA in an investigation into the reasoning behind Chong’s termination from Raymond James. Letter of Acceptance Waiver and Consent No. 2018058621901 (June 28, 2018).
According to the AWC, Chong’s registration with Raymond James had been terminated on May 25, 2018, which was during the time that Chong had been internally investigated by Raymond James regarding the commissions assessed on trades in customer accounts.
Evidently, Chong was asked by FINRA staff to provide information relating to the accusations cited by the firm in reference to Chong’s termination, according to FINRA Rule 8210. The AWC stated that Chong’s counsel contacted FINRA on June 19, 2018, stating that Chong had planned on declining FINRA’s information request. FINRA concluded that Chong’s conduct was violative of FINRA Rule 2010 and 8210.
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