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.

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 stockbrokerfraud.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)