STUART LEIGHTON UPDEGROVE is currently employed as a Broker and/or Investment Adviser at NATIONAL SECURITIES CORPORATION located at 50 WASHINGTON STREET, THE PENTHOUSE, SOUTH NORWALK, CT, 06854.
STUART LEIGHTON UPDEGROVE has worked at NATIONAL SECURITIES CORPORATION since April 03, 2009
Disclosure History
STUART LEIGHTON UPDEGROVE has 7 Disclosure Event(s).
Date: January 08, 2018 Category: Customer Dispute Allegations: UNSUITABLE RECOMMENDATIONS, BREACH OF FIDUCIARY DUTY,NEGLIGENCE,AND BREACH OF CONTRACT. Damage Amount Requested: $600,000.00 Broker Comment: The customer's account was properly handled at all times. Only suitable recommendations were made and approved by the client,in accordance with his investment objectives, and in line with his extensive holdings in multiple brokerage accounts. The performance of this account was significantly better than what was characterized in this claim. This is a meritless claim that will be vigorously defended.
Date: July 14, 2012 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING
Date: February 21, 2012 Category: Customer Dispute Allegations: 8 MONTHS AFTER TRADE TOOK PLACE, CLIENT ALLEGED AMOUNT PURCHASED WAS NOT SUITABLE Damage Amount Requested: $37,000.00
Date: November 30, 2009 Category: Customer Dispute Allegations: UNAUTHORIZED TRADING AND HIGH PRESSURE SALES Damage Amount Requested: $7,061.00
Date: June 23, 2009 Category: Customer Dispute Allegations: MISREPRESENTATION Damage Amount Requested: $47,400.00 Broker Comment: A LETTER SENT BY THE GENERAL MANAGER WAS SENT WITHOUT THE REVIEW OR APPROVAL OF THE BOARD OF DIRECTORS. THE CHAIRMAN OF THE BOARD OF THE MOUNT PLEASANT POWER SYSTEM WROTE A LETTER OF CLARIFICATION STATING THAT ALL INVESTMENTS WERE APPROVED AND SUITABLE FOR THEM AND THAT THEY HAD DONE ALL OF THE APPROPRIATE DUE DILIGENCE NECESSARY TO MAKE THE INVESTMENTS. THE CLIENT EXPRESSED THAT THEY WERE SATISFIED WITH THE WAY THE ACCOUNT WAS HANDLED. THE CLIENT SPECIFICALLY STATED THAT THEY WERE PLEASED WITH THE OVERALL PERFORMANCE OF THEIR INVESTMENTS AND THAT THEY HAD NO COMPLAINT OR GRIEVANCE WITH ME.
Date: March 10, 2009 Category: Customer Dispute Allegations: ALLEGES THAT REGISTERED REPRESENTATIVE WAS ONE OF THE PARTIES INVOLVED IN VARIOUS DISPUTES OVER HOW THE ACCOUNT WAS HANDLED. Damage Amount Requested: $45,000.00 Broker Comment: I NEVER MADE ANY SOLICITATION TO PURCHASE OR SELL ANY SECURITIES, NOR DID I ACCEPT ANY UNSOLICITED ORDERS TO PURCHASE OR SELL ANY SECURITIES FOR THIS CUSTOMER.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
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