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.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Group

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website