Taek Chong and Jason Chong, formerly of Raymond James Financial Services, Both Barred from Securities Industry by FINRA

Have you lost money with financial advisors Taek Chong and Jason Chong of Mercer Island, Washington?  We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority), against Taek Man Chong and Jason Taek Chong.  Taek and Jason Chong were both barred from the securities industry by FINRA after they failed to respond to an investigation.  FINRA was investigating Taek and Jason Chong were under internal review by their brokerage firm, Raymond James Financial Services, regarding commissions from large institutional trades.

In 2017, FINRA also suspended another former Raymond James broker in Mercer Island.  FINRA previously alleged that Fan Yip solicited an investor to invest $50,000 in a weight management start-up company without first disclosing such to Raymond James Financial Services.

Taek Chong was a financial advisor and registered representative of Raymond James Financial Services from 2000 to May 2018.  Jason Chang also was affiliated with Raymond James Financial Services from June 2012 to May 2018.  They worked at a branch office in Mercer Island, Washington.

Brokerage firms like Raymond James Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Seattle, Washington; Vancouver, Washington; and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout the Seattle area, including in Mercer Island, Bellevue, Kirkland, Kent, Renton, Redmond, and others.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Raymond James Financial Services.

Click to view:  Chong, Taek FINRA AWC

Click to view:  Chong, Taek BrokerCheck 7.2.18

Click to view:  Chong, Jason FINRA AWC

Click to view:  Chong, Jason BrokerCheck 7.2.18

If you lost money with Taek Chong, Jason Chong, or Raymond James Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.