Mark E. Young, of Topeka, Kansas, a stockbroker registered with Osaic Wealth (also known as Royal Alliance Associates Inc.), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $1,850,000.00 in damages based upon alleged unsuitable recommendations and the misrepresentation of material facts in connection with the sale of private investment funds. FINRA Arbitration No. 21-02466 (May 13, 2022).
This marks the second time that Young has been referenced in a customer initiated investment related dispute concerning Young’s conduct in the securities industry. FINRA Public Disclosure shows that Young was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $3,000,000.00 in damages based upon alleged unsuitable recommendations and misrepresentations of material fact in connection with the sale of private placements. FINRA Arbitration No. 20-02559 (April 8, 2021).
Young has been associated with LPL Financial LLC in Topeka, Kansas, since July 2, 2024, as a stockbroker and investment advisor representative.
Young was associated with Osaic Wealth Inc. in Topeka, Kansas, from September 25, 2019, to July 5, 2024, as an investment advisor, and associated with Osaic Wealth Inc. from November 29, 2006, to July 5, 2024, as a stockbroker.
