Michael Young, with Classic Asset Management, Subject of Customer Complaint

FARGO, NORTH DAKOTA     Have you lost money with financial advisor Michael Young of Fargo, North Dakota?  Our law firm is looking into claims made by a customer of Young, who provided investment advisory services through Classic Asset Management.  According to the complaint, he was negligent in recommending leveraged ETFs and caused $130,000 in damages.  FINRA has previously warned about the dangers of using leveraged ETFs.

Michael Young has been a financial advisor and registered representative of Classic LLC since 2012.  He has also been an investment advisory representative of Classic Asset Management since 2006.  He operates a Fargo, North Dakota office, and is also registered with Aurora Securities and Secure Asset Management.

Investment advisors are considered to be fiduciaries of their customers, meaning that the advisor has to put their customers’ interest before their own.  Violations of industry rules can be evidence that the advisor violated his fiduciary duty to a client, which can result in financial liability.

Our main offices are located in Colorado, Arizona, Washington and Michigan, and we represent clients in all 50 states including North Dakota.

View BrokerCheck report here.

If you lost money with Michael Young, Classic Asset Management, or Classic LLC, please Contact Us at 206-795-5798 for a free evaluation of your case.