Between April and August 2024, while associated with Columbia, Pugh participated in private securities transactions without providing prior written notice to the firm. As a result, Pugh violated FINRA Rules 3280 and 2010 and is suspended for 10 months and fined $10,000.

Between December 2022 and June 2023, Yang falsified three variable annuity applications and one fixed annuity application by providing false account numbers as funding sources for the annuities. Yang also accepted customer signatures from an individual who lacked authorization to sign the forms on behalf of the customer. Therefore, Yang violated FINRA Rules 2010 and 4511. For this conduct, Yang is suspended for six months and is fined $5,000.