March 19, 2015 – Connecticut
Andre Paul Young entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that from June 2010 to June 2012, he improperly borrowed over $200,000 from customers of the firm where he was registered in violation of FINRA rules.
FINRA record indicates that in February 2013 a customer alleged that they had provided over $163,000 to Young for investment and learned that the funds were deposited into a bank account in Young’s name. The matter was settled for $163,400.
Young was suspended for a period of one year.
Young was previously registered as follows:
- Source Capital Group 8/2012-4/2013
- MetLife Securities 11/2009-9/2012
- BancNorth Investment Group 8/2007-6/2009
Source Capital Group was formed in 1994 and has its main office in Westport, Connecticut. They currently have regional offices located in:
- Scottsdale, AZ
- West Hartford CT
- Pearl City, Hawaii
- Bowling Green, KY
- Morristown, NJ
- New York City
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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