{"id":6649,"date":"2018-09-13T12:27:49","date_gmt":"2018-09-13T16:27:49","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=6649"},"modified":"2018-09-13T12:29:43","modified_gmt":"2018-09-13T16:29:43","slug":"finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/","title":{"rendered":"FINRA Bars Broker Taek Chong After Allegations  of $2M Commission Overpayment"},"content":{"rendered":"<p>Taek Man Chong (<a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1551473\" target=\"_blank\">CRD #1551743<\/a>) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. (CRD #6694) of Mercer Island, WA. His previous employers include Deutsche Bank Securities Inc. (CRD #2525) and SG Cowen Securities Corporation (CRD #7616) of New York, NY, and A. G. Edwards &amp; Sons, Inc. (CRD #4) of St. Louis, MO. No current employment information is available. He has been in the industry since 1986.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-4832\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-300x200.jpg\" alt=\"Broker-William-Hutchinson-Barred-by-FINRA-300x200\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-180x120.jpg 180w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA.jpg 1696w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Two customer disputes were filed in May of 2018, both alleging overpayment of commissions, totaling $2,010,939.01. These disputes are currently listed as \u201cpending.\u201d According to FINRA documentation, Chong was under review for these disputes, which were related to large, institutional trades, and his registration with Raymond James was voluntarily terminated on May 22, 2018. He is not currently associated with any FINRA-member firm.<\/p>\n<p>FINRA began an investigation, and sent a letter to Chong on May 25, 2018, requesting information related to the disputes. On June 19, 2018, Chong responded through counsel that he would not provide the requested information to FINRA at any time. FINRA issued an Acceptance, Waiver &amp; Consent (AWC) letter, in which Chong neither admitted nor denied findings, and signed on June 22, 2018. FINRA subsequently barred Chong indefinitely, and in all capacities, effective June 28, 2018.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/\"  title=\"Continue Reading FINRA Bars Broker Taek Chong After Allegations  of $2M Commission Overpayment\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. (CRD #6694) of Mercer Island, WA. His previous employers include Deutsche Bank Securities Inc. (CRD #2525) and SG Cowen Securities Corporation (CRD #7616) of New York, NY, and A. G. Edwards &amp; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,580],"tags":[753,1267,290,1266],"class_list":["post-6649","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-stockbroker-misconduct","tag-raymond-james-financial-services","tag-scott-silver-raymond-james-financial-services","tag-securities-arbitration","tag-taek-man-chong"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment &#8212; Securities Arbitration Lawyers Blog &#8212; September 13, 2018<\/title>\n<meta name=\"description\" content=\"Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. &#8212; September 13, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment &#8212; Securities Arbitration Lawyers Blog &#8212; September 13, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. &#8212; September 13, 2018\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment &#8212; Securities Arbitration Lawyers Blog &#8212; September 13, 2018","description":"Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. &#8212; September 13, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/","twitter_card":"summary_large_image","twitter_title":"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment &#8212; Securities Arbitration Lawyers Blog &#8212; September 13, 2018","twitter_description":"Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. &#8212; September 13, 2018","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment","datePublished":"2018-09-13T16:27:49+00:00","dateModified":"2018-09-13T16:29:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/"},"wordCount":292,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-300x200.jpg","keywords":["Raymond James Financial Services","scott silver Raymond James Financial Services","Securities Arbitration","Taek Man Chong"],"articleSection":["FINRA Disciplinary Actions","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/","url":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/","name":"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment &#8212; Securities Arbitration Lawyers Blog &#8212; September 13, 2018","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA-300x200.jpg","datePublished":"2018-09-13T16:27:49+00:00","dateModified":"2018-09-13T16:29:43+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Taek Man Chong (CRD #1551743) is a previously registered broker and investment advisor who was last registered with Raymond James Financial Services, Inc. &#8212; September 13, 2018","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Broker-William-Hutchinson-Barred-by-FINRA.jpg","width":1696,"height":1131},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-taek-chong-after-allegations-of-2m-commission-overpayment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FINRA Bars Broker Taek Chong After Allegations of $2M Commission Overpayment"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=6649"}],"version-history":[{"count":3,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6649\/revisions"}],"predecessor-version":[{"id":6652,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/6649\/revisions\/6652"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=6649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=6649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=6649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}