Jonathan Upton Subject of a Suitability Dispute

Jonathan Upton (CRD #: 4559764), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 18, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On December 7, 2023, an investor alleged that Jonathan Upton recommended unsuitable investments. The investor sought $60,000 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without an external review. Investors can still recover losses following a denial. 

According to allegations filed on May 21, 2019, an investor alleged that Jonathan Upton misrepresented a hold recommendation. This dispute was also denied. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable.

Background Information 

Jonathan Upton has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 17 states and is a registered investment adviser in Kentucky and Texas. 

During his 20 years of experience, Jonathan Upton has registered with the following firms: 

• LPL Financial (CRD #: 6413) 
• Keystone Financial Group (CRD #: 170201) 
• LPL Financial (CRD #: 6413) 
• NatCity Investments (CRD #: 17490) 

Kurta Law Can Help 

If you have worked with Jonathan Upton and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.