Dallas York of Scottsdale Arizona a stockbroker formerly registered with Wells Fargo Clearing Services LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Office of Hearing Officers Order Accepting Offer of Settlement containing findings that York failed to provide documents and information to FINRA in an investigation into accusations of his unauthorized withdrawal of funds from a customer’s account. Department of Enforcement v. Dallas York No. 6449560 (Apr. 16, 2018).

According to the Order, on October 4, 2017, Wells Fargo Clearing Services LLC terminated York based upon a customer’s allegations that funds were taken from the customer’s bank account by York without the customer’s permission. Wells Fargo alleged that the customer’s bank account had been debited by York to buy cashier’s checks that York ultimately cashed.

Following FINRA’s receipt of Wells Fargo’s information about York’s termination, FINRA launched an investigation into York’s activities. Apparently, York was called upon by FINRA personnel to provide documentation and information to FINRA by November 7, 2017, according to Rule 8210. Evidently, York failed to respond to FINRA by the deadline imposed and did not request any extension from FINRA.

Evidently, another request for York’s documentation and information was sent by FINRA on November 22, 2017, where FINRA required York to furnish that documentation and information by December 6, 2017. York reportedly failed to cooperate. FINRA Office of Hearing Officers concluded that York’s conduct was violative of FINRA Rules 2010 and 8210.

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