Dallas York Barred for Refusing to Cooperate with Investigation into Unauthorized Withdrawal of Customer Funds

Attorney Advising Disclaimer

FINRA barred former Wells Fargo Clearing Services broker Dallas Richardson York of Arizona after he failed to provide requested information and documents to FINRA during the course of an investigation into allegations that he improperly withdrew funds from a Wells Fargo customer's account, and then subsequently cashed those checks.

OHO Settlement Order #2017056038801

In October 2017, Wells Fargo Clearing Services of Scottsdale, AZ discharged York (CRD #6449560) after a customer alleged that York withdrew funds from the customer's bank account without his knowledge or consent.

Upon internal review, Wells Fargo discovered that York debited the customer's account for the purchase of a series of cashier's checks made out to "cash" and that York subsequently cashed the cashier checks.

In lieu of cooperating with FINRA's investigation and providing requested information, York sent a letter to FINRA simply stating, "I, Dallas York would like to surrender/deactivate my Series 7 and Series 66 licenses effective November 20, 2017. My future career path will not be in the securities industry and feel there is no reason for me to keep my licenses active."

If you have invested with former Wells Fargo broker Dallas Richardson York or with any financial adviser or representative who has withdrawn or caused to be withdrawn funds from your account without your knowledge or consent, and this unauthorized transaction has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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