Securities Lawyers are Investigating South Carolina Broker Gregory Young, for Allegedly Selling Unsuitable Investments
Beginning in 2014, South Carolins broker Gregory Young allegedly sold clients brokered CDs, structured steepener notes, and an alternative investment which were unsuitable, according to a Pending Customer Dispute under investigation by investor rights attorney Alan Rosca.
The aforementioned Dispute was filed on July 3, 2019, and a Damage Amount of $50,000.00 has been requested, FINRA notes.
Gregory Young also allegedly misrepresented a product, according to a Pending Customer Dispute, FINRA notes. Said Dispute was filed on July 25, 2017, and a Damage Amount of $1,500.00 has been requested, FINRA notes.
Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to Gregory Scott Young’s alleged unsuitable investment recommendations. Investors who believe they may have lost money in activity related to Gregory Scott Young’s alleged unsuitable investment recommendations are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Gregory S. Young Permitted to Resign by Comprehensive Asset Management and Servicing, Inc. Following Allegations of Failure to Timely Disclose Arbitration
Gregory Young also allegedly failed to timely disclose arbitration in which he was a named party in violation of firm policy and FINRA rules, according to an Employment Separation after Allegations Disclosure filed on October 10, 2017.
As a result, Gregory Young was permitted to resign by Comprehensive Asset Management and Servicing, Inc., FINRA states.
Gregory S. Young the Subject of Three Settled Customer Disputes Alleging Misrepresentations of CD’s
Gregory Young allegedly offered a product that paid 7.75% interest for 7 months, and was a CD, and the product was reportedly purchased in April 2015, according to a Settled Customer Dispute.
Said Dispute was filed on October 12, 2017, and a damage amount of $9,434.98 was requested, but was ultimately settled for $7,750.00, FINRA notes.
Gregory Young also allegedly misrepresented a variable CD and corporate bond during the period leading up to their purchase, according to a Settled Customer Dispute. The aforementioned Dispute was filed on February 28, 2018, and a damage amount of $50,000 was requested, but was ultimately settled for $35,000.00, FINRA notes.
Furthermore, Gregory Young also allegedly misrepresented a variable CD during period leading up to its purchase, according to a Settled Customer Dispute. Said Dispute was filed on July 9, 2018, and a damage amount of $85,000 was requested, but was ultimately settled for $61,685.31, FINRA notes.
Gregory Young has 18 years of experience in the securities industry, is currently registered in 2 jurisdictions, and has currently been registered with Integrated Advisors Network, LLC in Columbia, South Carolina, FINRA notes. Integrated Advisors Network, LLC is headquartered in Palos Verdes Estates, California since July 18, 2018.
Gregory Young has also worked at the following firms:
- Hayden Royal in Columbia, South Carolina— fJune 6, 2017 to July 11, 2018
- Comprehensive Asset Management & Servicing, Inc, Columbia, South Carolina— July 3, 2017 to October 11, 2017
- Voya Financial Advisors, Inc., Blythewood, South Carolina— May 2, 2012 to June 6, 2017
- J.P. Turner & Company, LLC, Lexington, South Carolina— April 5, 2010 to May 18, 2012
- Gunnallen Financial, Inc., Lexington, South Carolina— April 14, 2008 to March 29, 2010
- Chase Investment Services Corp., Dayton, Ohio— February 22, 2006 to January 8, 2008
- Thrivent Investment Management, Inc., Minneapolis, Minnesota— January 31, 2005 to February 22, 2006
- Scottrade, Inc., St. Louis, Missouri— February 18, 2000 to November 12, 2004
- Fidelity Brokerage Service, Inc., Smithfield Rhode Island— June 12, 1998 to February 3, 2000
Gregory Young is currently not suspended by FINRA, FINRA states.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Securities Lawyer Investigating
Securities Lawyer InvestigatingThe Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Gregory Scott Young’s alleged unsuitable investment recommendations. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Gregory Scott Young’s alleged unsuitable investment recommendations may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.