WILLIAM ROBERT YOUNG of KINGSWOOD CAPITAL

Soreide Law Group is currently investigating broker/financial advisor, WILLIAM ROBERT YOUNG (BILL YOUNG, CRD#: 4787488), currently registered with KINGSWOOD CAPITAL PARTNERS, LLC of Rockville, Maryland.  We have received calls from clients of Bill Young, who have suffered losses after purchasing GWG L bonds.
Many broker/dealers may have recommended GWG L bonds without advising clients of the risks involved with these illiquid, and highly speculative products. GWG Holdings defaulted in February of 2022 on the $3.25M principal payments and $10.35M in interest owed to investors. GWG Holdings is the issuer of the L Bond, a speculative and risky high-yield bond whose sales have been suspended effective January 10, 2022. The L bond was a specialty high-yield bond created and issued by GWG Holdings (GWGH) from 2012 through 2021. The L bond financed the purchase of life insurance policies on the secondary market, paying policyholders more than the policy's surrender value. The L bond is highly speculative and sought to provide a high yield for the bondholder in exchange for the risk that insurance policy premiums or benefits may not be paid.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, WILLIAM ROBERT YOUNG, has been in the securities industry for 17 years and has 7 disclosures on his FINRA CRD report.  Of the 7 disclosures, 3 are “Customer Disputes.” Two of the disputes have settled and one was denied. There is an “Employment Separation after Allegations,” dated November 16, 2009. Young was permitted to resign from UNITED BROKERAGE SERVICES, INC. after the allegations of, “MULTIPLE VIOLATIONS OF FIRM POLICY AND PROCEDURE.”
WILLIAM ROBERT YOUNG has been listed with 10 firms and is currently registered with the following firm since 6/15/2018:
KINGSWOOD CAPITAL PARTNERS, LLC
2600 Tower Oaks Boulevard Suite 220
Rockville, MD 20852
If you’ve purchased the high-risk and illiquid private placement, GWG L Bonds, through WILLIAM ROBERT YOUNG of  KINGSWOOD CAPITAL PARTNERS, LLC of Rockville, Maryland, and you have suffered financial losses, you may be able to recover your losses through a FINRA arbitration.  Contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis, and represents clients nationwide before FINRA.