David Wong

ChapmanAlbin is investigating claims on behalf of investors who may have been affected by the misconduct of David Wong, a former broker and majority owner of Integrity Brokerage, LLC.

According to a recent decision from FINRA’s Office of Hearing Officers, Wong has been permanently barred from the securities industry for converting and misusing customer funds. The misconduct involved two separate incidents in which Wong took funds from client accounts—without consent—and transferred them to firm-controlled accounts for his own purposes.

In one instance, Wong transferred $3,230 from the IRA account of a recently widowed client. In another, he charged $6,200 in unauthorized “fees” to a trust account benefiting two daughters of deceased clients, falsely labeling the charges as related to FINRA investigations and fines. The Hearing Panel found that these transfers were deliberate, not only unauthorized but also deceptive, and that Wong acted with intent to punish or coerce the customers.

Despite eventually returning the funds—only after FINRA’s intervention—Wong attempted to justify his actions as seeking “justice” or covering firm-related costs, and repeatedly shifted blame to others. The Panel found no credible mitigating factors and determined that a permanent bar was the appropriate sanction to protect the investing public.

If you or a loved one invested with David Wong or Integrity Brokerage and suspect unauthorized transfers or fund misappropriation, contact ChapmanAlbin today. Our team is investigating claims tied to Wong and may be able to help you recover your losses.

Call 1-877-410-8172 or visit chapmanalbin.com for a free case evaluation.