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Frank Young Subject of an Investor Dispute

Frank Young (CRD #: 4417847), a broker registered with Raymond James Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on February 13, 2024. Keep reading if you have questions regarding his conduct.

On October 11, 2023, an investor alleged that they told their representative they wanted an investment with no risk. Instead, Frank Young allegedly placed them in an unsuitable investment. The investor further alleged that he misrepresented a municipal bond, stating that they would not lose money. Municipal bonds are riskier than U.S. treasury bonds since they depend on the creditworthiness of a city or state. 

The investor sought $135,000 but the dispute was denied. Investors should know, however, that they can still recover funds following a denial by their firm. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Frank Young has passed the following exams:

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 11 states and is a registered investment adviser in North Carolina. 

Before his registration with Raymond James, Frank Young registered with Resource Partners (CRD #: 114288). 

Kurta Law Can Help 

If you have worked with Frank Young and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.