FINRA Issued Permanent Bar To Sean Pong

Soreide Law Group is actively investigating claims on behalf of individuals who have suffered financial losses due to the actions of Sean Pong, also known as Syany Pong [CRD#: 2406530, Los Alamitos, California]. Sean Pong's professional background includes a tenure at U.S. Bancorp Investments Inc., where he was registered from October 19, 2012, to September 3, 2021. Notably, FINRA barred Pong for failing to cooperate in an investigation.

Pong Sanctioned By FINRA For Refusal To Testify

Evidently, the Financial Industry Regulatory Authority (FINRA) issued Case: 2021072053201 on June 7, 2023, sanctioning Sean Pong. Supposedly, Pong refused to appear for on-the-record testimony requested by FINRA concerning its probe into his outside business activities (OBA).

FINRA's investigation, which resulted in the disciplinary action against Pong, initiated from a report submitted by U.S. Bancorp Investments Inc., where it was disclosed that a former client raised allegations related to Pong's OBA. Pong, without admitting or denying the findings, consented to the sanction and to the entry of findings stating his refusal to participate in the testimony as part of FINRA's investigation. Pong was permanently barred from associating with any FINRA member in any capacity, effective from June 7, 2023.

Sean Pong Discharged For Failure To Disclose Outside Business Activities

Also, U.S. Bancorp Investments Inc. severed ties with Sean Pong on August 6, 2021. Supposedly, Pong did not disclose his outside business activities in a timely and accurate manner, which is a requirement under the firm's policy.

U.S. Bancorp Investments Inc. Client Alleged Unauthorized Trading

Evidently, a client of U.S. Bancorp Investments Inc. contested Sean Pong’s sales practices, according to a complaint dated April 13, 2020. Supposedly, Pong engaged in forgery and unauthorized trades. The investor also alleged misappropriation of $134,600 from the client's retirement funds. It appears that Pong allegedly caused the client to sustain damages. Therefore, the client sought compensatory relief from U.S. Bancorp Investments Inc. or Pong in the amount of $134,600 in this matter. The complaint, however, was denied on May 18, 2020.

U.S. Bancorp Investments Inc. Investor Accused Sean Pong Of Misrepresentation

Specifically, on January 28, 2013, a U.S. Bancorp Investments Inc. client filed a complaint about Sean Pong. Namely, the client alleged that Pong misrepresented a mutual fund. Because of this, the client allegedly sustained damages on the mutual fund product. Therefore, the client requested $57,595 in compensation from U.S. Bancorp Investments Inc. or Pong. The complaint, after review, was denied on February 4, 2013.

Seek Legal Advice For Investment Losses

Did you experience losses because of Sean Pong? If so, reach out to Soreide Law Group or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Pong and U.S. Bancorp Investments Inc. deny accusations of sales practice violations.