Gregory Scott Young of Columbia South Carolina a stockbroker formerly employed by Voya Financial Advisors Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought between $50,000.00 and $100,000.00 in damages supported by accusations that the customer had been placed into structured steepener notes and alternative investment products that failed to be suitable given the customer’s tolerance for risk or investment circumstances. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01799 (July 3, 2019).
FINRA Public Disclosure confirms that Young is referenced in four additional customer initiated investment related disputes that concern allegations of his violative conduct when he was employed by securities broker dealers including J.P. Turner Company and Voya Financial Advisors. Specifically, a customer initiated investment related arbitration claim concerning Young’s activities was settled to resolve accusations that false or misleading statements were made by the stockbroker in regard to the certificate of deposit investments sold by him when he was associated with J.P. Turner Company. FINRA Arbitration No. 17-01912 (July 25, 2017).
Young is the subject of another customer initiated investment related written complaint which was settled for $7,750.00 on November 2, 2017 founded on accusations that during the period in which the stockbroker was employed by Voya Financial Services, certificate of deposit and real estate security transactions failed to be suitable for the customer; and the customer was provided inaccurate information relating to the investments Young solicited.
On October 23, 2018, another customer initiated investment related complaint concerning Young’s behavior was resolved for $35,000.00 in damages supported by allegations that false or misleading statements had been made to the customer in regard to the corporate bonds and variable products sold by the stockbroker. In addition, a customer initiated investment related arbitration claim in regard to Young’s conduct was settled on December 19, 2018 for $61,685.31 in damages based upon allegations of false or misleading information being provided by Young concerning variable CDs sold to the customer.
FINRA Public Disclosure reveals that Young’s employment with Voya Financial Advisors Inc. was terminated on June 6, 2017. Young was terminated from subsequent securities broker dealer employer, Comprehensive Asset Management and Servicing Inc., on October 10, 2017 based upon accusations that he was subject of customer initiated investment related disputes which the stockbroker failed to report to the firm as required under FINRA rules and company policy.
