Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 26, 2018 indicate that Connecticut-based National Securities broker Stuart Updegrove has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Updegrove (CRD# 2273334).
Stuart Updegrove has spent 25 years in the securities industry and has been registered with National Securities in Norwalk, Connecticut since 2009. Previous registrations include Eastbrook Capital Group in New York, New York (1996-1999); Northeast Securities in Mitchelfield, New York (1995-1996); Sands Brothers & Company in New York, New York (1994-1995); Prudential Securities in New York, New York (1993-1994); and Nori, Hennion, Walsh Incorporated in Parsippany, New Jersey (1992). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 20, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 10, 1993; Series 7 (General Securities Representative Examination), which he obtained on November 4, 1992; and Series 24 (General Securities Principal Examination), which he obtained on October 17, 1995. He is a registered broker and investment adviser with 52 US states and territories and with two self-regulatory organizations (SROs): FINRA and the Nasdaq Stock Market.
According to his BrokerCheck report, Stuart Updegrove is the subject of one customer complaint, one pending customer complaint, and five complaints that have been either closed or denied.
In December 2017 a customer alleged Stuart Updegrove, while employed at National Securities Corporation, recommended unsuitable investments, breached his fiduciary duty, acted negligently, and breached contract in connection to investments in penny stock and private placement products. The customer is seeking $600,000 in damages in the pending complaint.
In 1998 a customer alleged Stuart Updegrove, while employed at First Republic Group, churned investments, executed excessive transactions, and made unauthorized trades. The complaint settled for $60,000.
If you have lost money investing with Stuart Updegrove, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.