Erez Law is currently investigating Royal Alliance Associates, Inc. broker Mark Young (CRD# 1800687) regarding private placement investment losses. Mark Young has been registered with Royal Alliance Associates, Inc. in Topeka, Kansas since 2006.
Mark Young Customer Complaints
Mark Young has been the subject of two customer complaints between 2020 and 2021, according to his CRD report:
September 2021. “Misrepresentation and unsuitability alleged with regard to a private investment fund…dates 2015 to 2017.” The customer is seeking $4,179,859.03 in damages and the case is currently pending. The complaint was regarding private investment fund losses.
August 2020. “misrepresentation and unsuitability alleged regarding placements in a private investment fund.” The customer sought $6,490,412.52 in damages and the case was settled for $3 million. The complaint was regarding private investment fund losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Royal Alliance Associates, Inc. may be liable for investment or other losses suffered by Mark Young’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.