William Hohill Song, a registered broker with prior employment at three of the largest financial institutions in the United States, was suspended by FINRA in June 2026 for failing to provide requested information and maintain current registration details. The disciplinary action bars him from working for any FINRA-registered brokerage firm.
What happened
FINRA published a June 2026 disciplinary summary identifying multiple registered individuals who were suspended for violations of FINRA rules. Song was included in this group. His suspension stems from failure to respond to FINRA information requests and failure to keep his registration information current.
Under FINRA Rule 8210, registered representatives must provide information when requested and must maintain accurate registration records. Non-compliance triggers automatic disciplinary procedures that can lead to suspension and bar.
Key facts about the case
| Detail | Information |
|---|---|
| Broker Name | William Hohill Song |
| Disciplinary Action | Suspended by FINRA |
| Month of Action | June 2026 |
| Violation Type | Failure to provide information and keep registration current |
| Former Employers | LPL Financial LLC, Wells Fargo Clearing Services, Citigroup Global Markets |
| Status | Cannot work for a FINRA-registered firm |
The broker and firm details
Song’s employment history spans three major firms. LPL Financial is the largest independent broker-dealer in the United States. Wells Fargo Clearing Services handles clearing for one of the nation’s biggest retail banking and brokerage platforms. Citigroup Global Markets operates a global investment bank and brokerage division.
Brokers who work at multiple large firms sometimes move before complaints become public. Song’s suspension for information failures does not directly disclose customer harm, but it raises questions about what he was unwilling or unable to disclose to regulators.
What investors should know
FINRA Rule 8210 suspensions are not trivial. When a broker refuses to provide information to FINRA, it often signals deeper issues, including pending customer complaints, undisclosed outside business activities, or regulatory inquiries that the broker does not want exposed.
Investors who worked with Song during his tenures at LPL Financial, Wells Fargo, or Citigroup should review their accounts for any signs of unauthorized trading, unsuitable investments, or excessive fees. Even absent specific complaints, a review is warranted when a broker is suspended.
Red flags that should have been caught
Firm supervision systems are supposed to flag brokers who fail to respond to regulatory inquiries. When a registered representative ignores FINRA requests, the employing firm should escalate the matter immediately. In some cases, firms fail to act until FINRA takes public disciplinary steps.
Investors should view a broker’s willingness to cooperate with regulators as a baseline indicator of professional integrity. Failure to do so is itself a red flag, regardless of the underlying cause.
What affected investors can do now
Investors who suffered losses while working with William Hohill Song should gather account statements, trade confirmations, and fee disclosures from the periods in question. These documents form the foundation of any potential arbitration claim.
Under securities industry rules, customers typically must arbitrate disputes with their broker-dealer. The arbitration process is binding and moves faster than civil court. Former employers may bear supervisory responsibility depending on the facts.
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The information in this article is for educational purposes and does not constitute legal or investment advice. Investors should consult a qualified securities attorney for guidance specific to their situation.
