Public records provided by the Financial Industry Regulatory Authority (FINRA) on October 13, 2016 indicate that New Jersey-based Petersen Investments broker Brian Clark has been the subject of resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Clark (CRD# 1431762).
Brian Clark has spent thirty years in the securities industry and has been registered with Petersen Investments in Wall, New Jersey since 2006. Previous registrations include Merrill Lynch in Manasquan, New Jersey; Painewebber in Weehawken, New Jersey; Smith Barney Harris Upham & Company in New York, New York; Dean Witter Reynolds; and Nathan & Lewis Securities. He is a registered broker with twenty US states and territories: Alabama, Arizona, California, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Illinois, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee and Washington.
According to his BrokerCheck report, Brian Clark has received three customer complaints and one pending customer complaint. He was additionally discharged from his position at Merrill Lynch.
In July 2016 a customer alleged Brian Clark, while employed at Petersen Investments, made unsuitable investment recommendations and executed unauthorized trades. The customer is seeking $300,000 in damages in the pending complaint.
In 2006 Brian Clark was terminated from his position at Merrill Lynch following allegations he “permitted family members to enter transactions, fail[ed] to make proper recommendations,” and operated with a “fee based business model not consistent with firm guidelines.”
In 2004 a customer alleged Brian Clark, while employed at Merrill Lynch, made unsuitable recommendations and caused a margin debt without authorization. The complaint settled in 2005 for $95,000.
In 1992 a customer alleged Brian Clark misrepresented material facts. The complaint settled for more than $12,100.
In 1989 a customer alleged Brian Clark, while employed at Salomon Smith Barney, executed excessive trades, committed fraud, acted negligently, and breached contract. The complaint resulted in an award to the customer of $12,560.
If you or someone you know has a complaint regarding Brian Clark, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.