How to Bring a Claim Against National Securities Corporation Financial Advisor Stuart Updegrove

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There are options for customers of National Securities Corporation financial advisor Stuart Updegrove (CRD# 2273334) for investment losses. Updegrove has been registered with National Securities Corporation in South Norwalk, Connecticut since 2009.

Updegrove has been the subject of seven customer complaints between 1998 and 2018, four of which were closed without action and one was denied, according to his CRD report:

  • January 2018. “Unsuitable recommendations, breach of fiduciary duty, negligence, and breach of contract.” The customer is seeking $600,000 in damages and the case is currently pending.
  • July 1998. “Unauthorized trading, churning and excessive trading.” The customer sought $160,000 in damages and the case was settled for $60,000.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, National Securities Corporation may be liable for investment or other losses suffered by Updegrove’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.