Over the last 12 years, Oakes & Fosher has tried and won more FINRA arbitration cases on behalf of individual investors than any other law firm in the country.

*Past results do not guarantee a similar outcome. The choice of a lawyer is an important decision and should not be based alone on prior results.

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The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Gregory Young. According to his publicly available FINRA BrokerCheck report, Gregory Young has been the subject of multiple customer disputes.

Gregory Young was a South Carolina based securities broker. He worked in the securities industry for eighteen years. During his career, he was registered with eight different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

  • Fidelity Brokerage Services (1998-2000)
  • Scottrade, Inc. (2000-2004)
  • Thrivent Investment Management (2005-2006)
  • Chase Investment Services Corp. (2006-2008)
  • Gunnallen Financial (2008-2010)
  • J.P. Turner & Company (2010-2012)
  • Voya Financial Advisors (2012-2017)
  • Comprehensive Asset Management (2017)

The Allegations

  • In February 2018, a customer alleged that Gregory Young made material misrepresentations regarding a variable CD and corporate bond. This case was settled for $35,000 in damages.
  • In July 2018, a customer alleged that Gregory Young made material misrepresentations about a variable CD. This case was settled for $61,685 in damages.
  • In July 2019, a customer alleged that Gregory Young recommended highly unsuitable CDs, structured notes, and an alternative investment. This case is presently pending. The customer is seeking $50,000 in damages.

Variable CDs

Variable CDs, or certificates of deposit, are investments with a fixed term, but a fluctuating interest rate. CDs can often be very alluring to investors due to the fact that they are FDIC insured. However, these products are also incredibly illiquid as they are accompanied by excessively high penalties when investors wish to withdraw from them before their maturity date. While some investors might find these products suitable, all investors need to be made aware of this illiquidity factor before investing.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Gregory Young, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.