FINRA Bars Former Transamerica Financial Advisor George N. Jing for Selling Away

Yesterday, October 30, 2025, the Financial Industry Regulatory Authority (FINRA) barred a former broker at Transamerica Financial Advisor, Mr. George Ndifor Jing, from associating with any FINRA member firm in all capacities as a result of failing to cooperate with an investigation.

If you were a client of George N. Jing and suffered investment losses as a result of his or his firm’s actions, you should contact Iorio Law PLLC for a free consultation to review your legal rights to potentially recover damages.

FINRA Letter of Acceptance, Waiver, and Consent No. 2025086695201 (George N. Jing)

The FINRA bar was formalized through a Letter of Acceptance, Waiver and Consent (AWC) entered into by Mr. Jing.

The FINRA investigation originated from a tip the regulator received in July 2025, which concerned Jing’s alleged participation in an undisclosed outside business activity and/or private securities transactions.

FINRA sent Jing a request for the production of documents and information pursuant to FINRA Rule 8210, which gives FINRA the authority to compel testimony and records from any person under its jurisdiction. Jing acknowledged receipt of the request but stated he would not provide full production of the requested information and documents.

FINRA stated that by refusing to produce the requested information, Jing violated FINRA Rule 8210 (failure to provide information) and FINRA Rule 2010 (standards of commercial honor and principles of trade). As a result of these violations, FINRA imposed a sanction of a bar from associating with any FINRA member firm in all capacities.

Read the full AWC here: FINRA AWC – George N. Jing

George Ndifor Jing (CRD No. 2835725)

Mr. Jing has 28 years of experience working in the securities industry. He was previously registered with WMA Securities, Inc. in Georgia (1997-2002) and World Group Securities, Inc. (2002-2012) in Maryland. His most recent registration was with Transamerica Financial Advisors, LLC (CRD No. 16164) in Maryland from January 2012 to August 2025.

Mr. Jing was terminated by Transamerica Financial Advisors on August 11, 2025. The firm filed a Uniform Termination Notice for Securities Industry Registration (known as the Form U5), stating that Jing was terminated because he “is alleged to have participated in an undisclosed outside business activity and/or an undisclosed private securities transaction.”

Due to the FINRA bar, Mr. Jing is no longer permitted to associate with any FINRA member brokerage firm in any capacity.

Review his BrokerCheck record here: FINRA BrokerCheck – George N. Jing

Transamerica – A Duty to Supervise

Every brokerage firm, including Transamerica Financial Advisors, has a fundamental duty to diligently supervise its financial advisors and associated persons, including their communications with customers and outside business activities.

Brokerage firms must establish and maintain a reasonably designed system to oversee account activity, client communications, and outside business activities to ensure compliance with securities laws and industry regulations. This supervision is critical to prevent misconduct. If a broker engages in outside business activities and/or undisclosed private securities transactions that lead to investor losses, the firm can be held liable in a FINRA arbitration if it is determined that its supervisory system was inadequate or that it failed to follow internal procedures to prevent misconduct.

The Dangers of “Selling Away”

The phrase “selling away” refers to the prohibited practice where a financial advisor sells investments to clients that are not approved or offered by their employing brokerage firm without the firm’s knowledge. FINRA Rule 3280 governs this activity, requiring a financial representative to notify the firm in writing before engaging in such transactions with customers.

Selling away is a serious violation of industry rules and poses a significant risk to investors, as investments have not been vetted or approved by the advisory firm. The absence of due diligence and oversight increases the risk of the investment being fraudulent or unsuitable for the investor. In addition, selling away creates a severe conflict of interest for the financial advisor. The advisor is typically promoting a product that pays a high, undisclosed commission directly to him/her, so the recommendation is driven by personal financial gain rather than the client’s best interest.

How to Recover Investment Losses or Obtain a Free Consultation

When an investor suffers investment losses due to misconduct by a financial advisor or broker-dealer, the investor can file a securities arbitration claim against their financial advisor and/or broker-dealer in an effort to be compensated.

Iorio Law PLLC is a securities arbitration law firm located in New York, NY. We represent investors nationwide and vigorously pursue FINRA arbitration claims on behalf of investors to recover investment losses.

If you have suffered investment losses related to the conduct of George N. Jing or Transamerica, contact Iorio Law PLLC for a free and confidential evaluation of your claim.

📞 Call: (646) 330-4624
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