Options for Clients of Former H. Beck, Inc Broker William Young
Posted on Tuesday, July 13th, 2021 at 11:18 am
Were you the victim of former H. Beck, Inc. broker William Young (CRD# 4787488)? Young has been registered with Kingswood Capital Partners, LLC in Rockville, Maryland since 2018. Previously, Young was registered with Niagara International Capital Limited in New York, New York from 2017 to 2018 and with H. Beck, Inc. in Bethesda, Maryland from 2010 to 2017.
Young has been the subject of three customer complaints between 2018 and 2021, one of which was denied, according to his CRD report. The most recent complaint was regarding:
January 2021. “Clients allege FP misrepresented risks associated with BDCs and REITs and that the investments were unsuitable.” The customer is seeking $123,000 in damages and the case is currently pending. The complaint was regarding real estate investment trusts (REITs) and direct investments and took place while Young was registered H. Beck, Inc.
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, H. Beck, Inc. may be liable for investment or other losses suffered by 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.