Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker William Robert Young (also known as Bill Young) [CRD: 4787488, Bethesda, Maryland]. Young’s employment history shows he worked for H. Beck Inc. from February 19, 2010, to October 17, 2017, and worked for Niagara International Capital Limited from October 16, 2017, to June 15, 2018. He has worked for Kingswood Capital Partners as a securities broker since June 15, 2018, and for Kingswood Wealth Advisors as a financial advisor since March 15, 2018. Keep reading to learn more about client complaints and disputes surrounding Bill Young’s conduct.
Evidently, a client filed a written complaint about Kingswood Capital Partners, LLC. The client alleged that the representative misrepresented an investment, claiming that GWG was a solid, profitable company and that the investment carried no risk. The alleged damages amount to $40,000. The complaint was received on August 20, 2024, and it is currently pending a resolution.
On July 14, 2023, a different client dispute settled. The client alleged breach of contract, breach of fiduciary duty, negligence, and misrepresentation. The client also alleged violations related to acting in the client's best interest. The client initially asked for $22,000 in damages, and the dispute settled for that amount.
Evidently, on January 18, 2022, a client of H. Beck Inc. filed FINRA Arbitration No. 20-04152, accusing Bill Young of misrepresenting real estate investment trusts and business development company investments. The client alleged these investments were unsuitable due to their risks. The case was resolved with a $30,000 settlement.
Also, in FINRA Arbitration No. 18-04151, Bill Young faced accusations of overconcentrating a client’s investments in REITs and energy securities. The client claimed that despite requesting principal preservation, Young placed them in alternative investments between April 2012 and October 2018. The dispute resulted in a settlement of $24,000 in September 2019.
For more information about Bill Young, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Young and brokerage firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm also handles cases on a contingency basis.
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