Mark Allen Upchurch, of Houston, Texas, a stockbroker registered with Centaurus Financial Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Upchurch breached his fiduciary duties and made the unsuitable investment recommendation of illiquid and speculative corporate bonds during the period that Upchurch was associated with Centaurus Financial Inc. FINRA Arbitration No. 23-03313 (November 16, 2023).
FINRA Public Disclosure shows that Upchurch is referenced in eight other customer initiated investment related disputes concerning Upchurch’s conduct while associated with securities broker dealers. On April 18, 2019, a customer initiated investment related FINRA securities arbitration claim involving Upchurch’s conduct was settled for $17,500.00 in damages based upon allegations that Upchurch made unsuitable investment recommendations and made misrepresentations of material fact in connection with the sale of real estate securities when Upchurch was associated with Centaurus Financial Inc. FINRA Arbitration No. 18-01342.
Upchurch was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $47,500.00 in damages based upon allegations that Upchurch made misrepresentations about real estate securities when Upchurch was associated with Centaurus Financial Inc. FINRA Arbitration No. 21-00096 (March 15, 2022).
On August 22, 2023, a different customer initiated investment related FINRA securities arbitration claim involving Upchurch’s conduct was settled for $35,000.00 in damages based upon allegations that Upchurch made unsuitable recommendations and misrepresented corporate bonds. FINRA Arbitration No. 22-00875.
On August 30, 2023, a securities arbitration claim involving Upchurch’s conduct was settled for $15,000.00 in damages based upon allegations that Upchurch recommended unsuitable investments to the customer during the time that Upchurch was associated with Centaurus Financial Inc. FINRA Arbitration No. 22-01557.
On August 29, 2023, a securities arbitration claim involving Upchurch’s conduct was settled for $25,000.00 in damages based upon alleged unsuitable corporate bonds for the customer’s account at Centaurus Financial Inc. FINRA Arbitration No. 22-01574.
Upchurch was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $125,000.00 in damages based upon allegations that Upchurch provided unsuitable investment advice to the customer. FINRA Arbitration No. 22-01597 (September 25, 2023).
Upchurch was associated with Centaurus Financial Inc. in Houston, Texas from March 1, 2012, to September 21, 2020.
