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

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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