PartnerFacts
Data last updated: Oct 23, 2026, 5:45 PM ETLatest filing: Oct 22, 2026Now: Oct 24, 2026, 5:19 AM ET

Sponsor Check › Person

SU
No photo found yet (own website and image search run after this page is viewed)

Stuart Updegrove

Named as an officer, director or promoter on SEC Form D filings · PA, MD · May 9, 2024 → May 15, 2026

2deals (issuers)
$10Mreported sold
79investors
6Form D filings
2024–2026years on file

Data last updated Oct 23, 2026, 5:45 PM ET · Courts (RECAP) last checked: Oct 24, 2026, 2:40 AM ET · SEC enforcement last checked: covered by the index scan as of Oct 24, 2026, 2:50 AM ET

The short version

Stuart Updegrove is listed as a director and promoter on 6 SEC Form D filings by 2 issuers between Dec 2017 and May 2026: Lineage Brands, LLC (Bala Cynwyd, PA — restaurants — 2017–2026; $7.05M reported sold to 37 investors) and Allied Innovation Artificial Intelligence Fund, LLC (New York, NY — pooled investment fund — 2024–2026; $2.96M reported sold to 42 investors).

What this means 2 separate companies raised money with this person listed as director and promoter, over about 9 years. Across those companies the filings report $10M sold in total.

Listed alongside David Morgan (6 shared filings), Allied Innovation Management, LLC (3 shared filings, management entity), Gene Levick (3 shared filings), Mark Goldwasser (3 shared filings), Roger Monteforte (3 shared filings) and 2 others.

What this means These are the other officers, directors or promoters the companies named on the same forms — the team around Stuart. Each name links to their own page.

1 of the issuers belongs to the sponsor group Innovation (97 issuers, $2.67B reported sold, 2009–2026).

What this means A sponsor group is one team that sets up a new company for each deal. Innovation has 97 companies on file and $2.67B reported sold in total — the group page shows the whole track record in one place.

Public records searched: federal courts (CourtListener / RECAP), SEC enforcement releases, state securities regulators (AZ, CA, DE, TX, WA) — 1 bankruptcy case matching the name listed in Key records below.

What this means 1 record came back. Each one is listed below with a link to the original document and a line saying why it matched. A name match is not proof it is the same person or company — read the why line and the document. Being sued or named in a release is an accusation, not a finding.

We compared 6 public filings for Stuart Updegrove and found 5 differences: Form D filed 25 days after the first sale; Stuart Updegrove's role changed at Lineage Brands, LLC: director, promoter → director; and more below.

What this means These are differences between the sponsor's own SEC filings — both values, dates and sources are listed in Key records, section 4. Most have ordinary explanations; ask the sponsor.

What the community is saying

Community search for Stuart Updegrove has not run yet — it is joining a line of 12,921 names; searches run around the clock at the hosts' allowed rate. Searched so far: 28 names.

Community comments are quoted as written by their authors. Sources searched: BiggerPockets forums (via DuckDuckGo, Brave, Bing and BiggerPockets search) and Reddit (search feed + public archive).

Key records

Five things investors ask first. Items still in human review are counted, not shown.

1. Lawsuits

None found in sources searched — federal courts (CourtListener / RECAP), checked Oct 24, 2026

What was searched

Sources searched: CourtListener bulk data (RECAP dockets as of 2026-09-30; recall-first rule 10-24) — federal district + bankruptcy courts State courts: not covered (one-tap state court links under Look further). PACER: not searched. · Last checked Oct 24, 2026, 2:40 AM ET.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

2. Regulatory actions

None found in sources searched — SEC enforcement releases (index scan as of Oct 24, 2026, 2:50 AM ET) · state securities regulators: AZ, CA, DE, TX, WA (crawled Oct 23, 2026)

What was searched

SEC enforcement searched: SEC litigation releases and administrative proceedings — respondent names in the sec.gov index titles (30,205 releases, 1995-09-19 to 2026-10-23); release text is read only to confirm a candidate. Names that appear only in the body of a release are not found. — Searched SEC litigation releases and administrative proceedings (1995→ / 2007→) (30,205 records as of Oct 24, 2026, 2:50 AM ET) — nothing matched Stuart Updegrove..

State securities regulators searched: AZ (Corporation Commission Securities Division), CA (DFPI — 16 of 12,159 DFPI respondent pages read so far; sponsor-name matches are read first), DE (DOJ Investor Protection Unit), TX (State Securities Board), WA (DFI) — last crawled Oct 23, 2026, 9:57 PM ET. Other states are not covered.

3. Bankruptcies

1 case: 1 closed (disposition not in docket feed)

One IP Voice, Inc. v. Gesmer Updegrove, LLP closed
United States Bankruptcy Court, D. Connecticut · No. 08-02089 · Filed Dec 10, 2008 · Closed Feb 28, 2012
Role of Gesmer Updegrove, LLP: Defendant · Outcome: Case closed 2012-02-28 (disposition not included in the bulk docket feed — see docket) Docket on CourtListener ↗
same rare surname (1 person in Form D filings, 4 federal dockets); different first name (llp); court in CT (not a filing state)
What was searched

Sources searched: Federal bankruptcy courts via CourtListener / RECAP archive (federal district courts, federal bankruptcy courts). State courts: not covered (one-tap state court links under Look further). PACER: not searched (RECAP only). · Last checked Oct 24, 2026, 2:40 AM ET.

Court records show docket facts only; we never restate allegations as facts. Outcome wording comes from the docket feed; where it does not state a disposition we say so.

State courts: not covered (one-tap state court links under Look further). No state offers a lawful automated statewide source PartnerFacts can use today. Texas (re:SearchTX) terms prohibit storing results in a database open to third parties; New York (WebCivil) and Massachusetts (MassCourts) require a browser check that blocks scripted queries; California has no statewide index (58 county portals; Rule of Court 2.503 grants name-based access case by case); Florida, Utah and Illinois offer paid or partial access whose terms for automated use are unverified. Washington (dw.courts.wa.gov; bulk index reports under a JISC data-dissemination agreement), Delaware (CourtConnect; Court of Chancery not included) and Arizona (apps.azcourts.gov/publicaccess, which has an official channel to request high-volume access) are the candidates; PartnerFacts will request written permission before any automated search. Federal courts are searched through CourtListener / RECAP.

4. Differences between public sources

Comparisons cover issuers and sponsor groups — see the issuer pages under Deals

5 differences found between the filings for Stuart Updegrove (compared 6 filings on Oct 24, 2026)

Note · Feb 6, 2026 – Mar 3, 2026

Form D filed 25 days after the first sale — Lineage Brands, LLC

The filing says the first sale was Feb 6, 2026. The Form D was filed Mar 3, 2026 — 25 days later. The rule: a Form D is generally due within 15 days after the first sale, so this one is 10 days past that.

What this means A late notice is common and carries no penalty by itself. It is worth asking the sponsor why the paperwork lagged.

Sources
Note · Dec 13, 2017 – Dec 16, 2024

Stuart Updegrove's role changed at Lineage Brands, LLC: director, promoter → director

The Dec 13, 2017 filing lists Stuart Updegrove as director, promoter; the Dec 16, 2024 Form D lists director.

What this means Roles on Form D are self-reported by the issuer. A change can mean a real change in who runs the company, or just a different box ticked. Ask who makes decisions today.

Sources
Note · Dec 10, 2024 – Dec 16, 2024

No amendment in the last 12 months on an offering that may still be open — Lineage Brands, LLC (latest filing Dec 16, 2024)

The latest filing for this offering is dated Dec 16, 2024 (first sale Dec 10, 2024). It reports $718,000 sold of $30,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Sources
Note · Nov 30, 2017 – Dec 13, 2017

No amendment in the last 12 months on an offering that may still be open — Lineage Brands, LLC (latest filing Dec 13, 2017)

The latest filing for this offering is dated Dec 13, 2017 (first sale Nov 30, 2017). It reports $7,055,000 sold of $35,000,000 offered. No later amendment is in our index as of Oct 24, 2026.

What this means SEC rules expect a yearly amendment while an offering is still going. The raise may simply have ended — a Form D does not say when it closed. Ask the sponsor whether the offering closed, when, and at what amount.

Sources
Note · Dec 13, 2017 – May 15, 2026

Stuart Updegrove is listed with 2 different address states: PA, MD

PA on 3 filings (Dec 13, 2017 to Mar 3, 2026); MD on 3 filings (May 9, 2024 to May 15, 2026).

What this means The address on a Form D is usually the company's, not the person's home, so this often just reflects different companies. It can also mean a move. Nothing wrong by itself.

Sources
What is compared

What is compared: every Form D and D/A we hold for this subject, side by side — filing dates vs. first-sale dates (the 15-day rule), amendment timing on open offerings (the yearly-amendment expectation), amounts sold, investor counts, offering amounts and minimums across amendments, industry and size bands, addresses, how each person's name and role is written, paid sellers' CRD numbers, and (for groups) where the member companies were formed and sit. Everything is as filed by the issuer; the SEC does not check it. Differences are common and usually have ordinary explanations — we show both values, the dates, and the source so you can ask. As of Oct 24, 2026.

5. Money to insiders

4 of 4 offerings report sales commissions totalling $13,116,000; 0 report finder's fees; 2 report proceeds to related persons totalling $565,000. (includes amounts the issuer reported as estimates)

Offering (latest filing)Sales commissionsFinder's feesTo insidersPaid to sell itSource
May 15, 2026 D/A
Allied Innovation Artificial Intelligence Fund, LLC
File 021-512775
$410,500$0$115,000
The placement agent listed in Section 12 may share any portion of fees received with their registered representatives, selected dealers or associated persons. The Fund may charge a management fee that is described in the Fund's offering documents.
Ceros Financial Services BrokerCheck CRD 37869 ↗EDGAR ↗
Mar 3, 2026 D
Lineage Brands, LLC
File 021-575220
$9,000,000 (est.)$0$0 (est.)Ceros Financial Services, Inc. BrokerCheck CRD 37869 ↗
via Ceros Financial Services, Inc. (CRD 37869 ↗)
EDGAR ↗
Dec 16, 2024 D
Lineage Brands, LLC
File 021-532156
$3,000,000 (est.)$0$0 (est.)Ceros Financial Services, Inc. BrokerCheck CRD 37869 ↗
via Ceros Financial Services, Inc. (CRD 37869 ↗)
EDGAR ↗
Dec 13, 2017 D
Lineage Brands, LLC
File 021-300650
$705,500 (est.)$0$450,000 (est.)
Associated Persons of Agent who are also directors & promoters of issuer will receive a portion of the fee & warrants(negligible value at issuance) detailed in Item 15 to the extent sales are made through them (est. at $225,000 each if fully subscribed).
National Securities Corporation no CRD number reported
via National Securities Corporation (CRD 7569 ↗)
EDGAR ↗
How this is counted

Counts come from Form D Items 12–15 on the filings in our index (latest filing per offering; one offering = one SEC file number; an amendment updates its offering rather than adding one). "To insiders" = gross proceeds used for payments to executive officers, directors or promoters. "—" = not reported on that filing. Amounts marked (est.) were reported as estimates. "Paid to sell it" = sales compensation recipients named on that filing (Item 12), each linked to FINRA BrokerCheck when a CRD number is reported.

Counted across every filing this person is listed on (latest filing per offering, per issuer).

Deals 2

Every issuer that named Stuart Updegrove on a Form D, newest first. A Form D is the notice a company files after it starts selling a private investment.

Pooled Investment Fund · group: Innovation

Allied Innovation Artificial Intelligence Fund, LLC

New York, NY · May 9, 2024 → May 15, 2026 · 3 filings
  • May 15, 2026 · D/A · $2,955,000 sold of Indefinite · 42 investors · min. No minimum reported · role: Director (Member of the investment committee of the Issuer.) EDGAR ↗
  • May 9, 2025 · D/A · $2,955,000 sold of Indefinite · 42 investors · min. No minimum reported · role: Director (Member of the investment committee of the Issuer.) EDGAR ↗
  • May 9, 2024 · D · $0 sold of Indefinite · 0 investors · min. No minimum reported · role: Director (Member of the investment committee of the Issuer.) EDGAR ↗

Raised $2.96M from 42 investors as of the latest filing. Stuart is listed as director on 3 filings for this deal.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Pooled Investment Fund / 506(b) (83,801 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

Restaurants

Lineage Brands, LLC

Bala Cynwyd, PA · Dec 13, 2017 → Mar 3, 2026 · 3 filings
  • Mar 3, 2026 · D · $1,475,000 sold of $90,000,000 · 12 investors · min. $50,000 · role: Director EDGAR ↗
  • Dec 16, 2024 · D · $718,000 sold of $30,000,000 · 11 investors · min. $50,000 · role: Director EDGAR ↗
  • Dec 13, 2017 · D · $7,055,000 sold of $35,000,000 · 37 investors · min. $50,000 · role: Director, Promoter (Classified as Promoter due to Founder status and more than 10% equity.) EDGAR ↗

Raised $7.05M from 37 investors (8% of the $90M target) as of the latest filing. Stuart is listed as director, promoter on 3 filings for this deal.

Sources

Every row is a Form D or D/A on which the issuer listed this name as a related person. Amount sold and investors are the maximum reported on any filing for this issuer. "Similar" = offerings in the same industry claiming the same exemption, filed in the last 5 years: Restaurants / 506(c) (50 filings); ranges are the middle half (25th–75th percentile). Computed by PartnerFacts from SEC EDGAR Form D data as of Oct 23, 2026, 5:45 PM ET. Rows without a range: fewer than 30 comparable filings, or not a Rule 506 offering. No ranking or score.

People around Stuart 7

Officers, directors, promoters and management entities named on the same filings, as of Oct 23, 2026, 5:45 PM ET.

Management entity

Innovation X Advisors, LLC

Promoter · 2 shared filings (1 issuer) · also on 9 other issuers

Innovation X Advisors, LLC is on 10 issuers in total — a repeat sponsor. Their page lists every one.

Management entity

Innovation X Advisors, LLC

Promoter · 1 shared filing (1 issuer) · also on 5 other issuers

Innovation X Advisors, LLC is on 6 issuers in total — a repeat sponsor. Their page lists every one.

DM
No photo found yet (own website and image search run after this page is viewed)
Person

David Morgan

Director, Promoter · 6 shared filings (2 issuers) · also on 1 other issuer

Listed on the same filings as Stuart Updegrove. Their page shows their other deals.

MG
No photo found yet (own website and image search run after this page is viewed)
Person

Mark Goldwasser

Director · 3 shared filings (1 issuer) · also on 39 other issuers

Mark Goldwasser is on 40 issuers in total — a repeat sponsor. Their page lists every one.

RM
No photo found yet (own website and image search run after this page is viewed)
Person

Roger Monteforte

Director · 3 shared filings (1 issuer) · also on 45 other issuers

Roger Monteforte is on 46 issuers in total — a repeat sponsor. Their page lists every one.

GL
No photo found yet (own website and image search run after this page is viewed)
Person

Gene Levick

Executive Officer, Director · 3 shared filings (1 issuer)

Listed on the same filings as Stuart Updegrove. Their page shows their other deals.

The team behind the deals

Sponsor group

Innovation

97 issuers · 181 filings · $2.67B reported sold · 2009–2026

One team, 97 deal companies. Stuart Updegrove is listed on 1 of them.

Sources

Issuers are grouped when their Form D filings share related persons, a management entity or a business address (automatic match from the filings). "Listed" marks the issuers that name Stuart Updegrove.

Registrations and other filings

Adviser registration (Form ADV)

A person is never an adviser firm. 1 of the 2 issuers this person is listed on matches a Form ADV adviser (searched 24,962 advisers as of Oct 2, 2026): Allied Innovation Artificial Intelligence Fund, LLC.

Other offering types (Regulation A and Regulation Crowdfunding)

Searched SEC Regulation A Data Sets (Forms 1-A, 1-K, 1-Z; 2015 Q2 → 2026 Q3); SEC Crowdfunding Offerings Data Sets (Form C family; 2016 Q2 → 2026 Q3); EDGAR form index for 2026 Q3 → 2026 Q4 (51,358 records as of Oct 23, 2026, 8:41 PM ET) — nothing matched this name.

Property records none — individuals are not matched

Property records are matched to companies only, never to individuals, so none are matched to Stuart Updegrove by design. Searched property records in Hillsborough County FL (Clerk recorded-document index Oct 14, 2026 to Oct 15, 2026 + FL DOR 2026 ownership roll), Miami-Dade County FL (FL DOR 2026 ownership roll), Harris County TX (HCAD 2026 ownership roll), Dallas County TX (DCAD 2026 ownership roll), New York City ACRIS documents and PLUTO ownership rows already retrieved for other issuers, Cook County IL sale and ownership rows already retrieved for other issuers (814,874 records as of Oct 23, 2026, 8:59 PM ET) for the 2 issuers this person is listed on — nothing matched.

Public profiles and social

Websites and social links of the issuers Stuart Updegrove is listed on: none on file. No website or social profile named in Lineage Brands, LLC's SEC filings (Form C, Reg A, Form ADV; checked Oct 24, 2026). Web search for this name: #39,449 of 374,652 in line (14 issuers searched so far). One-tap searches: Look further ↓

Look further

One-tap searches on sites we do not index ourselves, with the name pre-filled (Bala Cynwyd, PA). Each opens in a new tab; what you find there is not verified by PartnerFacts.

Change history

No corrections have been requested for this page.

Every fact links to its public-record source. Plain-English notes next to a fact are our reading of that fact, not a rating. Request a correction · Facts policy

Request a correction

Free. Logged with status: received → under review → fixed / confirmed with source.

Add a response

If this is you or your firm, add a sourced explanation next to any fact. Reviewed before publishing.

Monitor this person

Members get an email when Stuart Updegrove appears on a new Form D, or when a court case or SEC action is matched to them. See plans →