Broker Brian Clark Investigated for Fraud, Unauthorized Trading, & More

Did You Suffer Losses After Investing with Brian Clark?

Brian Patrick Clark, a registered broker with Cadaret, Grant & Co., Inc., has been accused of misconduct and investment fraud by multiple customers. Allegations include unauthorized and excessive trading, making unsuitable recommendations, and misrepresentation. Individuals who sustain losses related to broker negligence or wrongdoing are strongly encouraged to seek legal representation.

At Meyer Wilson, we have secured over $350 million for investors across the country. Our lawyers have successfully litigated and arbitrated over 1,000 cases and will work tirelessly to ensure you get the recovery you deserve. If you suffered losses after investing with Brian Clark or another broker accused of misconduct, contact our office at (614) 532-4576 to schedule a free consultation.

Allegations of Wrongdoing Against Brian Clark

According to Brian Clark’s BrokerCheck report, he has ten public disclosures on his record. In addition to several customer disputes, Clark has also been discharged from his employment with Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

Settled customer disputes include:

• May 2022: Allegations of excessive trading and unsuitable investments stemming from equity listed (common and preferred stock) and mutual fund transactions between 2008 and 2021. The dispute was settled for $85,000.
  
• July 2016: Broker accused of making unsuitable investment recommendations and engaging in unauthorized trading from 2012 to 2016 resulting in a settlement of $52,500.

• September 2004: Customer alleged that Clark made unsuitable recommendations in highly speculative investments. The broker was also accused of making misrepresentations and failing to follow proper instructions in regard to the sale of securities. The matter was settled for $95,000.

• May 1992: Clark was accused of making material misrepresentations leading to significant losses in the customer’s IRA account. The customer dispute was settled for $12,137.67.
• August 1989: A customer was awarded $12,560 plus fees after Clark allegedly engaged in excessive trading, breach of contract, fraud, and negligence.

espite having multiple accusations of investment fraud and wrongdoing filed against him, Brian Patrick Clark (Buddy Clark) remains a registered broker. He was previously registered as an investment adviser with Merrill Lynch. Clark has 37 years of experience and is currently working with Cadaret, Grant & Co out of New Jersey.

What to Do If You Suspect Your Broker Engaged in Wrongdoing

If you suspect that your broker or investment adviser engaged in wrongdoing, you need to speak with an attorney. Broker misconduct can involve several things including making unsuitable investment recommendations, excessive trading, churning, breach of fiduciary duty, and more. It is important to consult with a lawyer as early as possible as you may only have a limited amount of time to file a claim for damages.

Contact Our Office for More Information

If you sustained investment losses related to investment fraud or stockbroker misconduct, contact our office at (614) 532-4576. We offer free, no-obligation consultations on all investor claim case evaluations. Matters are handled on a contingency fee basis, meaning there are no fees unless we recover money on your behalf.