Van Washington: REIT Complaint Against UPSTREAM Advisor

The Woodlands, Texas financial advisor Van Washington (CRD# 4651656) allegedly made misrepresentations regarding REIT products, according to a recent, denied investor complaint. Records provided by the Financial Industry Regulatory Authority show that he is currently a broker with Sigma Financial Corporation and an investment advisor with SPC, doing business as UPSTREAM Investment Partners.

Mr. Washington’s BrokerCheck report discloses one investor complaint. Filed in May 2023, it alleged that as a representative of Sigma Financial Corporation, he misrepresented material facts related to real estate investment trust products and engaged in excessive equity trading. The complaint alleged unspecified damages and was denied by the firm. For reference, a complaint’s denial by the firm that receives it does not necessarily mean it was meritless. Investors can still pursue recovery through other actions, like FINRA arbitration claims.

According to the Financial Industry Regulatory Authority, Van Washington holds 20 years of securities industry experience. Based in The Woodlands, Texas, he has been a broker with Sigma Financial Corporation and an investment advisor with SPC since 2011, doing business as UPSTREAM Investment Partners. His registration history includes Ameriprise Financial Services (Plano, Texas; 2009-2011), Ameriprise Advisor Services (Richardson, Texas; 2007-2009), Morgan Stanley & Company (Dallas, Texas; 2007), and Edward Jones (Carrollton, Texas; 2003-2005). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Georgia, Maryland, New York, Oklahoma, Pennsylvania, Texas, and Virginia. (Information current as of June 3, 2023.)

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