William Upchurch Jr. of Largo Maryland a stockbroker formerly employed by PFS Investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he neglected to provide FINRA with a response to FINRA’s request for Upchurch’s information. Case No. 2015047841901 (Nov. 1, 2016).
Apparently, Upchurch was suspended on August 22, 2016. Upchurch had three months to request that his suspension be lifted but failed to provide FINRA with the required information by the October 31, 2016 deadline, resulting in FINRA barring him in all capacities.
FINRA Public Disclosure confirms that Upchurch has been identified in two more customer initiated investment related disputes pertaining to accusations of his wrongful conduct while employed by PFS Investments, Inc. In particular, on October 26, 2015, a customer initiated investment related complaint that pertained to Upchurch’s conduct was settled for $20,000.00 in damages supported by allegations that the customer was not able to locate her mutual fund investment account that Upchurch established for her.
Upchurch is referenced in another customer initiated investment related complaint which was resolved for $30,000.00 in damages based upon accusations that the customer provided Upchurch with funds to be placed into mutual funds and variable annuities but those funds were never deposited.
Upchurch was terminated by PFS Investments Inc. on May 12, 2015 founded on allegations that he possibly engaged in an outside business activity that was not disclosed to the firm.
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