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SEC Prosecutions

SEC Prosecutions

Broker-Dealer COO Barred from the Industry for Fraudulent Trade Allocations

In the Matter of Simon Chong, Respondent

  • 2008

Respondent was Chief Operating Officer and a registered representative at John Dawson & Associates. He reallocated
favorable trades from certain JDAI proprietary firm accounts to his father’s account at JDA, which either profited his father or served to avoid losses in his father’s account. Respondent was also criminally convicted.

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