The Financial Industry Regulatory Authority has barred a former representative working for Transamerica Financial Advisors for engaging in an undisclosed outside business activity.
According to FINRA's order, George Ndifor Jing refused to provide documents and information requested by FINRA pursuant to FINRA Rule 8210 "in connection with an investigation into whether he participated in an undisclosed outside business activity or private securities transaction(s)."
As a result, Jing violated FINRA Rules 8210 and 2010 and is barred from associating with any FINRA member.
In January 2012, Jing registered with FINRA as an investment company and variable contracts products rep and as an investment company products/variable contracts principal through an association with Transamerica.
On Aug. 11, 2025, the firm filed a Form U5 disclosing that Jing was terminated because he “is alleged to have participated in an undisclosed outside business activity and/or an undisclosed private securities transaction.”
FINRA's probe originated from a tip that it received in July.
On Aug. 25, as part of its investigation, FINRA sent a request to Jing to produce information and documents pursuant to FINRA Rule 8210.
As stated in his counsel’s email to FINRA on Oct. 16, and by FINRA's agreement, "Jing acknowledges that he received FINRA’s request and will not provide a full production of the information and documents requested by FINRA."
Transamerica said in a statement shared with ThinkAdvisor Friday: "As a matter of policy, we do not provide comments regarding former agent activities that may have legal implications.”
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