DID JASON R YOUNG CAUSE YOU INVESTMENT LOSSES?
Jason Young Of Charles Schwab & Co., Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Jason Young of Charles Schwab & Co., Inc.?
Jason Young (CRD #3084079) is a financial advisor currently registered with Schwab Wealth Advisory, Inc. as an investment advisor and Charles Schwab & Co., Inc. as a registered broker in Orlando, Florida. He has been with Charles Schwab since July 26, 1999, and with Schwab Wealth Advisory since January 3, 2012. Over his career, Young has passed three general industry/product exams and two multi-state securities law exams, showcasing his extensive qualifications in the financial services industry. He is licensed in 23 U.S. states and territories and is registered with two self-regulatory organizations (SROs). Young’s prior experience includes a role at Dean Witter Reynolds Inc. from August 1998 to June 1999.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jason Young Customer Complaints and Reviews
Jason R. Young has been involved in two customer disputes:
- Customer Dispute 1 (Settled): Filed on April 10, 2008, the customer alleged unsuitable recommendations regarding a mutual fund purchased on January 12, 2007, resulting in claimed damages of $34,000. The dispute was settled on June 27, 2008, for $20,352, with no personal contribution from Young. He stated that the firm settled the complaint to avoid the cost and uncertainty of litigation, with no admission of wrongdoing.
- Customer Dispute 2 (Pending): A pending dispute was filed on July 9, 2024, where the claimants allege that in early 2022, they hired Young to manage their accounts with the goal of achieving growth. However, they assert that a substantial amount of cash remained uninvested, which they believe led to missed opportunities in the rising equity market. The number of damages has not yet been determined, and the case is currently under FINRA arbitration.
Allegations Against Jason Young
- Settled Dispute:
- Allegation: The client claimed that Young made unsuitable recommendations regarding a mutual fund purchase.
- Outcome: The case was settled for $20,352, with no personal financial contribution from Young. He maintains that the settlement was reached to avoid litigation costs, with no admission of wrongdoing.
- Pending Dispute:
- Allegation: The clients allege that Young allowed a significant portion of their assets to remain in cash or cash equivalents rather than investing in equities, which they believe resulted in missed growth opportunities.
- Outcome: The case is pending in FINRA arbitration, with the potential damages yet to be determined.
Jason Young Red Flags & Your Rights As An Investor
Of course, Jason Young did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jason Young at Charles Schwab & Co., Inc. on alert to review carefully the activity and performance of their accounts and question whether Jason Young has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Charles Schwab & Co., Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Charles Schwab & Co., Inc. Due To Jason Young
If you have questions about Charles Schwab & Co., Inc. and/or Jason Young and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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