Wes Young: Eagle Strategies Advisor Faces $40K Complaint

Austin, Texas financial advisor Wes Young (CRD# 4632589) recently received an investor complaint alleging that his conduct resulted in five-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with NYLife Securities and an investment advisor with Eagle Strategies, doing business as Silas Parker & Associates and Savagen Securities.

Mr. Young’s BrokerCheck report discloses one investor complaint. Filed in August 2026, it alleges that as a representative of NYLife Securities, he “referred the customer to an unaffiliated third-party company, which implemented an investment strategy that did not produce the anticipated tax benefits.” The pending complaint alleges damages of $40,000.

Investors should be aware of FINRA Rule 2111, which requires brokers to perform “reasonable diligence” on the investments they recommend to their clients in order to ensure that the products are suitable. Suitability refers to an investment’s appropriateness for the customer’s background and objectives: for instance, a risky and illiquid investment would likely be considered unsuitable for a client with conservative goals focused on preservation and growth. Brokers must ensure that the recommendation is at least suitable for some investors; that it is suitable for the customer to whom they are recommending it; and that, if they are recommending a series of transactions to a customer over whose account they have actual or de facto control, these transactions are suitable when taken together and when viewed in isolation. Brokers who recommend unsuitable investments may be held liable for damages in the event of losses.

According to the Financial Industry Regulatory Authority, Wes Young holds 23 years of securities industry experience. Based in Austin, Texas, he has been registered as a broker with NYLife Securities since 2003 and an investment advisor with Eagle Strategies since 2006. He does business as Silas Parker & Associates and Savagen Securities. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 39 state licenses. (Information current as of September 12, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.