Last Updated: December 2024 (Louisville, KY)
Jonathan Upton Investigation Summary
Here’s what you need to know about Louisville, KY, stockbroker Jonathan Upton:
- Name: Jonathan Dale Upton
- Current Employers:
- Keystone Financial Group, LLC (since February 2024)
- LPL Financial LLC (since August 2007)
- Function: Stockbroker / Financial Advisor
- Aliases: Jonathan D. Upton
- Primary Location: Louisville, KY
- CRD: 4559794
- Can Jonathan Upton be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $338,297.88
- Pending Customer Disputes Seek Damages: $250,000 and $75,000
If you’ve sustained damages from Mr. Upton, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jonathan Upton As Your Stockbroker?
Several customer disputes and arbitrations have been filed against Jonathan Upton, including:
- A pending FINRA arbitration, filed on October 15, 2024 (Docket #24-02212), alleges unsuitable recommendations in REITs and BDCs between 2012 and 2018. The customer seeks damages of $250,000.
- Another pending arbitration (Docket #24-02211) alleges unsuitable variable annuity and structured note investments made in 2021. The damages sought total $75,000.
- A settled dispute involved alleged losses of $338,297.88 related to equity investments in April 2007, which evolved into a FINRA arbitration (Docket #10-01645).
These allegations involve violations of FINRA Rule 2111, which mandates that brokers recommend only suitable investments based on the client’s financial situation, objectives, and risk tolerance.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Jonathan Upton
Jonathan Upton has faced the following allegations and disputes:
- Unsuitable Investment Recommendations: Customers allege that Mr. Upton recommended investments that were inconsistent with their financial goals and risk tolerance, potentially breaching FINRA Rule 2111.
- Failure to Follow Instructions: A 2019 complaint alleged that Mr. Upton failed to execute client instructions, though this claim was denied without action.
- Misrepresentation of Investments: Customers accused Mr. Upton of misrepresentation regarding municipal bonds, though the allegations were dismissed as without merit.
Recover Your Investment Losses Now With Rex Securities Law
LPL Financial Lawsuits, Arbitrations and Customer Complaints and Disputes
If you have suffered investment losses in an account handled by Jonathan Upton, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.
