Kejaun Yang, a registered representative from Woodside, New York, formerly with T3 Trading Group, was suspended from FINRA membership as a result of an investigation into her participation in private securities transactions without obtaining her firm’s prior approval, which is a violation of FINRA rules. Yang entered into an acceptance waiver and consent agreement with FINRA in which she neither admitted nor denied the findings, but agreed to a suspension of 30 business days and a fine of $5,000.
In June 2017, Yang agreed to the suspension and FINRA published its findings that Yang contacted individuals in order to sell them investments in a real-estate private placement. Yang did not get prior written approval from her firm about the investment opportunity or her involvement with it.
FINRA found that one of Kejuan Yang’s clients invested $10,000 in the private opportunity but Yang did not benefit from any compensation from the offering. Nevertheless she was fined and suspended because her firm did not approve of her involvement in the business, and purportedly did not have any record of her dealings.
Kejaun Yang’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Kejaun Yang was registered with T3 Trading Group from May 2014 to February 2015.
According to FINRA’s CRD disclosure report, Kejuan Yang has been the subject of one employment termination after allegations and one regulatory investigation.
FINRA is the primary regulator for broker dealers and registered representatives in the United States. FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.
FINRA has two primary ways to ensure compliance with the securities laws: by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of an arbitration forum where investors can resolve disputes against broker dealers. FINRA’s arbitration forum, FINRA Dispute Resolution is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via unlawful and unsuitable investment transactions. During that time, we have recovered money for over one thousand individuals, pension plans, trusts, and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.