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Jody Young Allegedly Recommended Risky Investments that Led to a Million-Dollar Loss

May 13, 2022 Unsuitable Investments

Jody Young (CRD #: 4068656), a broker formerly registered with Arkadios Capital, is involved in a million-dollar investor dispute, according to his BrokerCheck record, accessed on May 12, 2022. For more details, keep reading.

On March 2, 2022, an investor alleged that Jody Young had violated FINRA Rule 2111 by recommending unsuitable alternative investments. These investments were allegedly overconcentrated. The investor is seeking to recover $1,000,000 in this pending dispute.

FINRA Rule 2111 defines suitable investments as securities that fit an investor's profile. An investor's profile includes information about their risk tolerance, financial goals, and age. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

  • Investments can be unsuitable because they are high risk and likely to lose money (like alternative investments).
  • These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.

Background Information

Jody Young has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 Futures Managed Funds Examination
  • Series 7 General Securities Representative Examination

Jody Young has worked with the following firms:

  • Arkadios Capital (CRD #: 282710)
  • Triad Advisors (CRD #: 25803)
  • LPL Financial Corporation (CRD #: 6413)
  • Wachovia Securities Financial Network (CRD #: 11025)
  • Morgan Keegan & Company (CRD #: 4161)
  • Tejas Securities Group (CRD #: 36705)

Kurta Law Can Help

If you worked with Jody Young and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.