Broker Investigation: Dallas York

Dallas York (CRD#: 6449560) is a previously registered securities broker and investment advisor. From 2015 to 2017, Mr. York was employed as a representative at Wells Fargo Clearing Services in Scottsdale, Arizona.

On April 16th, 2018, Dallas York was barred from the securities industry. Mr. York violated FINRA Rule 8210 when he failed to cooperate with an investigation into allegations that he withdrew funds from an investor’s account for personal use and without permission. For full information on these allegations, please refer to Disciplinary Proceeding No. 2017056038801.

Allegations of Misconduct: Dallas York

In October of 2017, Wells Fargo terminated broker Dallas York from his position at the company. When reporting the employment separation to FINRA, as is required by securities industry rules, Wells Fargo noted that its internal investigation found that Mr. York made unauthorized transactions on the account of one of the firm’s customer. Specifically, Mr. York made multiple cashier’s checks out to cash, and then he cashed those checks and took the money.

FINRA launched an investigation into the allegations raised against Dallas York. When asked to provide information and documents to assist with the investigation, Mr. York declined to do so. As a result, FINRA has indefinitely barred this broker from the industry. Without admitting or denying the allegations, Mr. York consented to the penalties.

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