UPRIGHT FINANCIAL CORP of LIVINGSTON, NJ is an SEC-registered investment adviser (CRD 107303). Regulatory assets under management: $98.0M.
Compensation: % of AUM, Performance, Commissions, Other.
Clients served: Individuals, High net worth, Pensions, Investment cos.
| Name | Role | Location |
|---|---|---|
| Yowshang David Chiueh | CHIEF COMPLIANCE OFFICER; PRESIDENT | — |
| CHIUEH YOWSHANG DAVID | CHIEF COMPLIANCE OFFICER; CHIEF COMPLIANCE OFFICER / MANAGER; PRESIDENT | — |
| JOU CAROL | CHIEF COMPLIANCE OFFICER | — |
| Yen Chieh Kevin Huang | CHIEF COMPLIANCE OFFICER | — |
| Initiated | Type | Allegations | Status | Amount |
|---|---|---|---|---|
| 2025-03-17 | civil | DEFENDANTS ENGAGED IN A MULTI-YEAR FRAUDULENT SCHEME TO OPERATE THE MUTUAL FUND UPRIGHT GROWTH FUND AS A HIGHLY CONCENTRATED FUND IN VIOLATION OF THE FUND'S INVESTMENT MANDATE AND DEFENDANTS' FIDUCIARY DUTIES. DEFENDANTS ALSO VIOLATED OTHER IMPORTANT LEGAL REQUIREMENTS FOR MUTUAL FUNDS. | Pending | — |
| 2021-11-24 | regulatory | UPRIGHT'S AND CHIUEH'S MANAGEMENT OF UPRIGHT GROWTH FUND "UPUPX", THAT FROM 7/1/17 TO 6/30/20, MADE INVESTMENTS INCONSISTENT WITH UPUPX'S (I) CLASSIFICATION AS A DIVERSIFIED INVESTMENT COMPANY, AND (II) FUNDAMENTAL POLICY ON INDUSTRY CONCENTRATION; AND MISCALCULATED UPUPX'S NAV ON CERTAIN DAYS DURIN… | Final | $517K |