Soreide Law Group is investigating possible investor claims against William Robert Young (also known as Bill Young) (CRD: 4787488, Bethesda, Maryland). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for H. Beck Inc. Evidently, one or more investors alleged misconduct in these disputes, including that Young made misrepresentations and made unsuitable recommendations. Here is a brief summary of the disclosures about Young.
Particularly, a client of H. Beck Inc. contested William Young’s sales practices by filing FINRA Arbitration: 20-04152. Allegedly, Young made misrepresentations and provided unsuitable advice. It appears that Young caused the client to sustain damages on REITs (real estate investment trusts) and BDC (business development company) products. Therefore, H. Beck Inc. opted to settle the matter on January 18, 2022, by compensating the client in the amount of $30,000.
Also, on October 1, 2020, a Kingswood Capital Partners LLC client filed a complaint about William Young. Namely, the client alleged that Young made unsuitable recommendations. Because of this, the client allegedly sustained damages on UITs and REITs (real estate investment trusts). Therefore, the client requested $5,000 in compensation from Kingswood Capital Partners LLC or Young. However, the securities firm denied this complaint.
Specifically, a client of H. Beck Inc. contested William Young’s sales practices by filing FINRA Arbitration: 18-04151. Allegedly, Young overconcentrated accounts. It appears that Young caused the client to sustain damages on REITs (real estate investment trusts). Therefore, H. Beck Inc. opted to settle the matter on September 23, 2019, by compensating the client in the amount of $24,000.
Young worked for H. Beck Inc. from February 2010 to October 2017. He joined Kingswood Capital Partners LLC as a securities broker in June 2018. Also, he joined Kingswood Wealth Advisors LLC as a financial advisor in March 2018.
Have you sustained damages due to securities broker William Young? If you have, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has helped recover money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Young and brokerage firms Young worked for deny all allegations of sales practice violations.
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