Category Archives: BancNorth Investment Group

Andre Young -Former Source Capital Stock Broker- Sanctioned by Regulator

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.

FINRA Case # 2012034319701

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900