Yilih Choong, of Newark, New Jersey, a stockbroker formerly registered with Pruco Securities, LLC, 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 accusations that he communicated false information to his employer about funds that were misappropriated from a charity organization.

According to the AWC, Pruco notified FINRA on May 25, 2016, that it terminated Choong based upon accusations that he falsified information to Pruco about funds of a charitable organization that a registered representative misappropriated. The company also alleged that Choong attempted to receive a tax deduction concerning charitable donations that never had been made as he represented.

Following up in this regard, the firm reached out to Choong on July 27, 2017, requesting that Choong provide information and documentation to FINRA no later than August 11, 2017. The AWC revealed that the information was never provided by Choong by the deadline imposed, causing FINRA to send another letter to Choong on August 15, 2017.

Apparently, on August 21, 2017, one day prior to the second deadline that FINRA imposed for Choong’s cooperation in the investigation, Choong confirmed that he would not provide the information and documentation that FINRA requested at any point in the future. Consequently, FINRA found that Choong’s conduct was violative of FINRA Rules 2010 and 8210, leading to her permanent bar.

Guiliano Law Group

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