Gregory Scott Young of Columbia South Carolina a stockbroker formerly registered with Comprehensive Asset Management and Servicing Inc. has been terminated from the firm on October 10, 2017 founded on accusations that Young violated Financial Industry Regulatory Authority (FINRA) rules and the firm’s policy by failing to inform the firm about being named in a customer initiated investment related arbitration.
Apparently, the firm discovered from FINRA that Young had been named in a customer’s arbitration claim. Even though Young reportedly knew about the arbitration, he never disclosed it to Comprehensive Asset Management and Servicing in a timely manner.
FINRA Public Disclosure reveals that Young has been identified in two customer initiated investment related disputes containing allegations of his misconduct while employed with Voya Financial Advisors, Inc. and JP Turner & Company. Specifically, on July 25, 2017, a customer initiated investment related complaint involving Young’s activities was settled to resolve accusations that the customer was induced to purchase certificate of deposit investments based on misrepresentations made by Young during the time that he was associated with JP Turner & Company.
Thereafter, on November 2, 2017, a customer initiated investment related complaint regarding Young’s conduct was resolved for $7,750.00 in damages supported by allegations that Young misrepresented a real estate security paying 7.75% interest as a certificate deposit.
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