Kale Young Subject of FINRA Suspension Following Allegations
Kale Young (CRD #: 2270954), a broker previously registered with Cuso Financial Services, is the subject of FINRA allegations that he reused customer signatures. This is according to an Acceptance, Waiver, and Consent agreement that appears on his BrokerCheck record, accessed on July 25, 2023.
On June 8, 2023, Kale Young consented to the findings that he falsified customer signatures on firm forms, including mutual fund replacement forms and a life insurance products acknowledgement form. He also allegedly re-used signatures on three account transfer forms. Kale Young allegedly falsely stated on an annual compliance questionnaire that he had not signed or affixed any other person’s signature on a document.
As a result of his conduct, FINRA alleges that Kale Young violated FINRA Rule 4511 and FINRA Rule 2010.
Kale Young consented to a 20-day suspension and a $5,000 fine. You can read a copy of the AWC here.
FINRA Rule 4511
FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Termination by LPL Financial
On March 20, 2020, Kale Young was terminated by LPL Financial following allegations that he violated the firm document signature policy by reusing customer signatures.
Background Information
Kale Young has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 6 Investment Company Products / Variable Contracts Representative Examination
Kale Young has registered with the following firms:
- Cuso Financial Services (CRD #: 42132)
- LPL Financial (CRD #: 6413)
- Zions Direct (CRD #: 17776)
- BancWest Investment Services (CRD #: 29357)
- Countrywide /Investment Services (CRD #: 103919)
- CitiCorp Investment Services (CRD #: 23988)
- IFMG Securities (CRD #: 14416)
- FIMCO Securities (CRD #: 30343)
- Great Western Financial Securities Corporation (CRD #: 14229)
- Fortis Investors (CRD #: 421)
Kurta Law Can Help
If you worked with Kale 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.
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