Two Firms Fired Drake Uplinger in 2021

Drake Uplinger (CRD #:6922112), a formerly registered broker, was fired by two firms in 2021, according to his BrokerCheck record, accessed on February 2, 2022. 

Termination at Fidelity Brokerage Services 

On October 13, 2021, Fidelity Brokerage Services fired Drake Uplinger after he allegedly failed to provide accurate information on an employment application.

Drake Uplinger Allegedly Violated FINRA Rules 4511 and 2010

FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Exchange Act Rule 17a-3. Inherent in the obligation to maintain books and records is the requirement that they must be accurate. 

Failing to keep or preserve records accurately violates this rule and constitutes a violation of FINRA Rule 2010, which requires that members and their associated persons “observe high standards of commercial honor and just and equitable principles of trade.” 

Falsifying documents is inconsistent with just and equitable principles of trade and also violates FINRA Rule 2010. 

Termination at The Huntington Investment Company 

On March 5, 2021, The Huntington Investment Company fired Drake Uplinger after allegedly failing to disclose three outside business activities, two of which were investment-related.

Undisclosed Outside Business Activities Violates FINRA Rules 3270 and 2010

FINRA Rule 3270 requires that brokers provide written notice to their firms regarding their outside business activities. By engaging in an outside business activity without providing prior written notice to his firm, Drake Uplinger allegedly violated FINRA Rules 3270 and 2010.

A violation of FINRA Rule 3270 also constitutes a violation of FINRA Rule 2010, which requires registered representatives to observe high standards of commercial honor and just and equitable principles of trade. 

Drake Uplinger has only one business listed in the Outside Business Activity of his detailed BrokerCheck report:

• Tutor at Varsity Tutors, Missouri.

If Drake Uplinger persuaded you to work with any of his outside businesses, contact Kurta Law today for a free case evaluation: (877) 600-0098. 

Background Information

Drake Uplinger has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He has also worked with Royal Alliance Associates (CRD#:23131).

Kurta Law Can Help

If you have been victimized after working with Drake Uplinger, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.