DAVID ROLAND YOUNG is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 3000 A STREET, SUITE 100, ANCHORAGE, AK, 99503.
DAVID ROLAND YOUNG has worked at UBS FINANCIAL SERVICES INC. since September 01, 2000
Disclosure History
DAVID ROLAND YOUNG has 2 Disclosure Event(s).
Date: April 02, 2008 Category: Customer Dispute Allegations: PLAINTIFF ALLEGED MISREPRESENTATION, OMISSIONS, NEGLIGENCE, BREACH OF FIDUCIARY DUTY, CONVERSION, AND UNSUITABLE RECOMMENDATIONS IN CONNECTION WITH THE PURCHASE AND SALE OF AUCTION RATE SECURITIES IN PLAINTIFF'S UBS ACCOUNTS. Damage Amount Requested: $6,275,001.45 Settlement Amount: $140,000.00 Broker Comment: IN ADDITION TO PAYING $140,000 TO ALASKA EXCHANGE IN DAMAGES, UBS FINANCIAL SERVICES INC. ALSO REPURCHASED AT PAR VALUE, ALASKA EXCHANGE'S AUCTION RATE SECURITIES.-- THE COMPLAINT AROSE BECAUSE OF UNPRECEDENTED MARKET EVENTS THAT CAUSED THE BREAKDOWN OF LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES. THE BROKER DENIES THAT HE ENGAGED IN ANY SALES PRACTICE VIOLATIONS OR BREACHED ANY DUTIES TO THE PLAINTIFF. THE BROKER WAS NOT ASKED TO CONTRIBUTE NOR DID HE CONTRIBUTE IN ANY WAY TO THE SETTLEMENT.
Date: August 23, 2000 Category: Employment Separation After Allegations Firm Name: MERRILL LYNCH Termination Type: Discharged Allegations: I WAS ACCUSED OF VIOLATING FIRM POLICY REGARDING OUTGOING CORRESPONDENCE. Broker Comment: I SUBMITTED A LETTER TO THE COMPLIANCE OFFICER FOR APPROVAL AS IS CUSTOMARY. AS PER PAST EXPERIENCE, BOM NEVER SECOND GUESSED THE APPROVALS OF THE COMPLIANCE OFFICER. I GAVE COPY OF LETTER TO BOM FOLLOWING BUSINESS DAY. TWO MONTHS LATER I WAS CALLED IN TO BOM'S OFFICE AND TOLD THAT "THE FIRM HAD DECIDED TO LET ME GO".
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