Advisor Alert: Our Attorneys Are Investigating Mark Allen Upchurch For Investment Fraud
Did You Lose Money Because of Mark Upchurch?
Filed: March 4, 2024
Mark Upchurch currently has one (1) pending customer complaint. Overall, he has been the subject of nine (9) customer complaints, one (1) regulatory event, and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Mark Allen Upchurch.
Who Is Mark Allen Upchurch?
- Advisor Name: Mark Allen Upchurch
- Aliases: Mark Upchurch
- CRD: 2937074
- Location: Houston, Texas
- Current Employer: Currently Not Registered
- Previous Firms: Centaurus Financial, Inc., Brookstone Securities, Inc., and Southwest Securities, Inc.
- Number of Known Customer Complaints: 9
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Mark Upchurch Be Sued: Yes, in Private Arbitration
- Can Mark Upchurch’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $125,000
If you have suffered investment losses by Mark Upchurch, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Mark Upchurch For Broker Misconduct
As of this publication date, Mark Upchurch has been the subject of 9 customer disputes, 1 regulatory event, and 1 termination event. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging that in 2019, Mr. Upchurch recommended an unsuitable, high-risk, speculative, illiquid investment, and breached his fiduciary duty. Per the customer, she lost over $100,000 because of Mr. Upchurch’s actions. As of this publication date, this claim remains pending.
In July 2022, a FINRA arbitration was filed against or in reference to Mark Upchurch by multiple customers of Centaurus Financial, Inc. alleging that Mr. Upchurch recommended an unsuitable and illiquid investment. Per the customers, they lost over $500,000 because of Mr. Upchurch’s actions. On September 25, 2023, Mr. Upchurch settled the claim for $125,000, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In July 2022, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging that in 2019, Mr. Upchurch recommended a risky and illiquid investment. Per the customer, he/she lost over $50,000 because of Mr. Upchurch’s actions. On August 30, 2023, Mr. Upchurch settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In July 2022, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging that Mr. Upchurch recommended an unsuitable, speculative, and illiquid investment. Per the customer, he/she lost over $100,000 because of Mr. Upchurch’s actions. On August 29, 2023, Mr. Upchurch settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In April 2022, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging that Mr. Upchurch misrepresented and recommended illiquid, and unsuitable investments. Per the customer, he/she lost over $50,000 because of Mr. Upchurch’s actions. On August 22, 2023, Mr. Upchurch settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In January 2021, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging that during the period of approximately 2012 through 2018, Mr. Upchurch misrepresented unsuitable investments and the associated commissions and fees. Per the customer, he/she lost over $500,000 because of Mr. Upchurch’s actions. On March 15, 2022, Mr. Upchurch settled the claim for $47,500, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In April 2018, a FINRA arbitration was filed against or in reference to Mark Upchurch by a customer of Centaurus Financial, Inc. alleging unsuitable investment recommendations and misrepresentation in connection with the sale of various securities. Per the customer, he/she lost over $5,000 because of Mr. Upchurch’s actions. On April 18, 2019, Mr. Upchurch settled the claim for $17,500, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In October 2006, NASD initiated a regulatory action against or in reference to Mark Upchurch for signing a public customer’s name to an account transfer form without her permission.
In August 2006, Southwest Securities, Inc. terminated Mark Upchurch for failing to comply with the firm’s policies and procedures in that he failed to immediately notify the firm that he was the subject of an investigation by a regulator. As a result, violated NYSE Rule 345.12 and NASD By-law Article V, Section 2(C).
In March 2006, a complaint was filed against or in reference to Mark Upchurch by a customer of Chase Investment Services Corp. alleging that the client did not give instructions to liquidate a muni bond separately managed account. Per the customer, he lost over $12,500 because of Mr. Upchurch’s actions. On December 5, 2006, Mr. Upchurch settled the claim for $4,143.81, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
In October 2004, a NASD arbitration was filed against or in reference to Mark Upchurch by a customer of Chase Investment Services Corp. alleging failure to provide suitable investment recommendations. Per the customer, he lost over $47,000 because of Mr. Upchurch’s actions. On October 3, 2006, Mr. Upchurch settled the claim for $15,000, and some or all of this amount may have been paid by Mr. Upchurch’s employer and/or insurance carrier.
How To File A Claim Against Mark Upchurch (previously with Centaurus Financial, Inc., Brookstone Securities, Inc., and Southwest Securities, Inc.) To Get Your Money Back
If you have questions about Mark Upchurch, Centaurus Financial, Inc., Brookstone Securities, Inc., Southwest Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.