Silver Law Group is Investigating Stuart Updegrove of National Securities Corporation

Stuart Updegrove (CRD # 2273334) is the subject of a pending customer dispute alleging $600,000 in damages. Updegrove has been with the South Norwalk, Connecticut office of National Securities Corporation since 2009. In the pending dispute, the Claimant alleges that Updegrove provided unsuitable recommendations and breached his fiduciary duty in relation to the sale of penny stocks and private placements to the Claimant. In another settled dispute from 1998, the Claimant alleged that Updegrove engaged in unauthorized trading and churning; the dispute ended in a settlement of $60,000. FINRA requires its members to “have a reasonable basis to believe that a recommended transaction or investment strategy” is suitable for a customer given their individual needs. FINRA also requires that its members refrain from engaging in fraudulent or deceptive practices with their customers. Continue reading The post Silver Law Group is Investigating Stuart Updegrove of National…

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