Rep fired by NY Life barred from industry for failing to show up at Finra hearing

Tyrone Pang was terminated for accepting a customer's check made payable to himself for an insurance premium payment

Dec 29, 2017 @ 10:57 am

By InvestmentNews

The Financial Industry Regulatory Authority Inc. has barred former NY Life Securities representative Tyrone Pang for failing to appear at a hearing investigating alleged rule violations.

In June 2015, NY Life terminated Mr. Pang's employment for violating company policy "by accepting a customer's check made payable directly to himself for a payment of a life insurance premium."

In Mr. Pang's BrokerCheck records, he said: "I was asked for a favor to help my client, a family relative, to pay one month's premium for the client's policy because the client was out of the country and could not make payment. I was just trying to help."

After his termination, Mr. Pang joined MML Investors Services this year, where he worked until Finra's action. He joined NY Life in 2008.

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