DID JASON ERIC YOUNG CAUSE YOU INVESTMENT LOSSES?
Jason Young of Creative Planning Of Has A Customer Complaint For Alleged Investment Advisor Misconduct
About Jason Young of Creative Planning?
Jason Young (CRD #4604338) has been in the financial services industry since 2003 and has worked with six firms over his career. His current employment is with Creative Planning, where he has been registered as an Investment Adviser Representative since June 15, 2015.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jason Young Customer Complaints and Reviews
Jason Young has 1 negative disclosure event:
- Customer Dispute:
- Date: March 6, 2024
- Firm Involved: Creative Planning, LLC
- Allegations: The customer alleged a breach of fiduciary duty, negligence, misrepresentation, and violations of both the North Carolina and Kansas Securities Acts related to options trading from February 2017 to September 2023.
- Claimed Damages: The customer seeks damages of no less than $1,000,000.
- Status: This is a pending arbitration filed with the American Arbitration Association (AAA). The case number is 01-24-0002-3498.
Allegations Against Jason Young
- The primary allegation in the disclosure involves options trading activities conducted by Mr. Young while employed at Creative Planning, LLC. Specific claims include a breach of fiduciary duty, negligence (both gross and general), and misrepresentation of material facts, along with violations of state securities laws in North Carolina and Kansas.
- The claimant has sought damages of at least $1 million, attributing significant financial losses to these alleged actions.
- The case is currently in arbitration, and the final outcome remains pending. It is worth noting that the complaint includes serious allegations, but no formal findings of wrongdoing have yet been made against Mr. Young.
- Investors should remain cautious and monitor the resolution of this matter to better understand any potential implications for Mr. Young’s professional conduct and responsibility.
This comprehensive overview allows potential clients to weigh the advisor’s professional background alongside disclosed incidents for an informed decision.
Jason Young Employment History
Young holds registrations in two states: North Carolina and Texas. Notably, he passed the Uniform Combined State Law Examination (Series 66) in February 2003 and holds the Certified Financial Planner (CFP) designation. His prior employment includes positions at Mercer Global Advisors, Windhaven Investment Management, Charles Schwab & Co., Wachovia Securities, and Citigroup Global Markets. Mr. Young’s career includes both investment advisory and management roles, and his employment spans several locations including Charlotte, North Carolina, and Alpharetta, Georgia.
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to act in the best interest of their clients, placing the client’s interests above their own. This includes providing full disclosure about nature, mechanics, and risks of any recommended investment strategies or activities. Advisors must ensure that clients understand the potential outcomes, costs, and risks associated with investments, enabling them to make informed decisions. The duty of care requires advisors to exercise skill, diligence, and prudence in managing client portfolios, ensuring that recommendations are suitable for each client’s specific financial goals, risk tolerance, and circumstances. This fiduciary responsibility is essential in maintaining trust and ensuring the advisor’s decisions prioritize the client’s needs.
Option Trading Can Be Extremely Risky
Option trading can be highly risky, particularly when it involves complex strategies or high leverage. Options give investors the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a set period. While options can be used to hedge risks, they can also amplify losses, especially for inexperienced investors. Investment advisors who engage in options trading on behalf of clients must carefully consider the client’s risk tolerance and ensure they fully understand the potential outcomes.
More risky options strategies, such as naked calls or puts, involve selling options without holding the underlying asset. This exposes the investor to unlimited losses if the market moves unfavorably. For example, in a naked call strategy, an advisor sells a call option without owning the underlying stock. If the stock price rises significantly, the client could face substantial losses, as they would be obligated to buy the stock at a much higher price. Due to these risks, it’s crucial for advisors to fully explain the strategy and its potential consequences before engaging in such transactions.
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 Creative Planning 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 Creative Planning also raises questions about the brokerage firm’s 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 Creative Planning Due To Jason Young
If you have questions about Creative Planning 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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