Sean Pong Allegedly Engaged in an Outside Business
Sean Pong (CRD #: 2406530), a broker previously registered with US Bancorp Investments, has been barred by FINRA, according to his BrokerCheck record, accessed July 25, 2023. Investors may also have engaged his services through Advisors on Call.
On June 7, 2023, Sean Pong was barred by FINRA. In an Acceptance, Waiver, and Consent agreement (AWC), he consented to the findings that he refused to appear for on-the-record testimony requested by FINRA in connection with its investigation into his outside business. The findings state that the investigation originated from his firm’s disclosure that it had become aware of allegations from a former customer related to the outside business.
His detailed BrokerCheck record lists the following outside businesses:
- Part-time researcher for commercial residual real estate leasing.
- Licensed real estate agent.
You can read a copy of the AWC here.
Employment Termination
On August 6, 2021, U.S. Bancorp Investments terminated Sean Pong following allegations that he failed to accurately disclose an outside business activity, in violation of FINRA Rule 3270.
Investor Dispute
According to allegations filed on April 13, 2020, Sean Pong engaged in forgery and fraud. The investor further alleged that he executed unauthorized trades and misappropriated $134,600 of her retirement money.
FINRA 3270
FINRA Rule 3270 requires brokers to inform their firm and receive approval for any business activities they engage in outside of their firm.
Background Information
Sean Pong has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 4 Registered Options Principal Examination
- Series 53 Municipal Securities Principal Examination
- Series 24 General Securities Principal Examination
He has registered with the following firms:
- U.S. Bancorp Investments (CRD #: 17868)
- J.P. Morgan Securities (CRD #: 79)
- Chase Investments (CRD #: 25574)
- Wamu Investments (CRD #: 599)
- Great Western Financial Securities Corporation (CRD #: 14229)
- Sunpoint Securities (CRD #: 25442)
Kurta Law Can Help
If you worked with Sean Pong and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.
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