According to a FINRA Disciplinary Announcement, Jack Xiao Xi Chen (CRD #4456395, Corona, New York) submitted an AWC in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Chen consented to the sanction and to the entry of findings that he failed to provide documents and information to FINRA pertaining to allegations that he knowingly provided incorrect occupation, salary and address information for insurance company customers on traditional life insurance applications. The findings stated that Chen’s counsel contacted FINRA and advised that Chen would not provide any further documents and information FINRA requested, or otherwise participate in the investigation.
For the full FINRA case, see FINRA Case #2014039710901.
According to this FINRA Broker Report, Chen was employed by Chase Investment Services from January 2006 through May 2010 and NY Life Securities from November 2010 through December 2013.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, please call the firm’s Chicago office at 312/238-9650. For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.