Robert Clark, formerly with Moors & Cabot, Barred from Securities Industry

Have you lost money with financial advisor Robert Clark of Boston, Massachusetts?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Robert Todd Clark. FINRA barred Clark from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Clark regarding allegations that he withdrew money from a customer’s account for which he was the trustee, without customer authorization.  Clark was also alleged to have used the money for personal use.

Robert Clark was a financial advisor and registered representative of Moors & Cabot from May 2013 to July 2018.  He worked at a branch office in Boston, Massachusetts.  Clark has been the subject of three customer complaints.  Clark was terminated by Moors & Cabot for borrowing money from a customer, and he was also previously terminated by Morgan Stanley in May 2013.

Brokerage firms like Moors & Cabot have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington.  We represent investors in FINRA arbitration in all 50 states, including investors throughout Massachusetts and the Boston area  Our attorneys have represented over one thousand investors.

Click to view:  Clark, Robert FINRA AWC

Click to view:  Clark, Robert BrokerCheck 9.24.18

If you lost money with Robert Clark or Moors & Cabot, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.