Will Young, Ameriprise Broker, Allegedly Misled GWG Investors
Will Young (CRD# 4787488), a broker registered with Ameriprise, misrepresented investments in GWG, according to investor disputes. MDF Law is investigating the Rockville, Maryland-based financial professional for similar conduct. We urge investors with concerns about their portfolios to reach out for a free consultation.
This post contains more information about the disputes involving Mr. Young. The details herein are sourced from his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on January 27, 2025.
Pending Disputes Stem from GWG Investments
Between 2024 and 2025, four parties of investors filed disputes involving Mr. Young. Among other things, the claims allege that he misrepresented and recommended unsuitable investments in GWG Holdings. They also include allegations that he failed to conduct due diligence on these investments, and that he “misled investors” about GWG. The disputes, which are still pending, seek more than $440,000 in alleged damages.
Settled Disputes Concerned REITs, BDCs
The above-described disputes are not the only ones in Mr. Young’s past. Between 2018 and 2023, three other parties of investors filed claims that his former member firms settled. These disputes included allegations of over-concentration, misrepresentation, and unsuitable recommendations. They stemmed from investments in REITs, BDCs, and other products. His former member firms settled the claims for a total of $76,000.
In Statement, Will Young Defends Against Allegations
The disclosure for one of the settled disputes features a “Broker Statement” regarding the allegations. The claim in question alleged that Mr. Young misrepresented unsuitable BDC and REIT investments, settling for $30,000. In the statement, he wrote that he “was not named a party in the arbitration” leading to the settlement, and that he participated in neither the payment nor the decision to settle.
“The claimant was a sophisticated investor who had a profitable account and complained about three investments out of many in their portfolio, two of which were profitable if held to date,” the statement asserts. “All investments were reviewed and approved by the firm and met all suitability requirements.”
FINRA: Broker Based in Rockville, Maryland
Mr. Young launched his career as a broker in 2004, when he registered with American Express Financial Advisors and IDS Life Insurance Company. Over the following years, he went on to work with firms including M&T Securities, TD Ameritrade, H. Beck, and Kingswood Capital Partners. He joined his current member firm, Ameriprise Financial Services, in 2023. He is still registered with the firm today, based at its office in Rockville, Maryland. Boasting 20 years of experience as a broker, he has completed three industry exams, including the Series 7 and the Series 66.
MDF Law Advocates for Investors
Have you suffered losses on REITs, BDCs, or other investments recommended by Will Young? You may have grounds to file a FINRA arbitration claim. If your broker recommended transactions beyond your risk tolerance or made unapproved trades, call MDF Law for a free consultation. Our dedicated broker fraud attorneys have secured millions in recoveries for their clients. We take cases on contingency: you only pay a fee if you win. To chat with our team today, call 800-767-8040.