Ronald Clark – Financial Advisor Ronald Clark Suspended from Securities Industry | Goodman & Nekvasil P.A, May Recover Your Investment Losses
Ronald Clark CRD #1086724
Ronald Clark has been licensed with Summit Brokerage Services, Inc. since March 2009. Ronald Clark was suspended for 15-days and fined $5,000 by the Financial Industry Regulatory Authority (FINRA) in July 2011. Ronald Clark consented to the entry of FINRA findings that while associated with FINRA member ProEquities, Inc., Ronald Clark participated in a private securities transaction involving the purchase of approximately $88,000 worth of equity securities in Golden Eagle Lodge, Ltd., a Canadian-based holding company. Ronald Clark failed to provide written notice of the securities transaction to ProEquities, Inc. prior to Ronald Clark’s participation in the securities transaction.
FINRA also reports that the Illinois Securities Department Filed an action against Ronald Clark alleging that Ronald Clark sold unregistered promissory notes or investment contracts issued by Direct Participation Services, Inc. D/B/A Government Financial. FINRA reports that Ronald Clark paid $73,045 in restitution to the investor.
Three previous settlements of claims involving Ronald Clark’s conduct. One of these arbitration claims settled for $105,000; Ronald Clark made a $70,000 total contribution to these three settlements.
If you lost any money on investments with Ronald Clark while Ronald Clark was employed with Summit Brokerage Services, Inc., you may be able to recover your losses from Summit Brokerage Services, Inc. This is because Summit Brokerage Services, Inc. had a duty to supervise Ronald Clark.
If you lost money on investments with Ronald Clark and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Summit Brokerage Services, Inc. concerning Ronald Clark’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Ronald Clark and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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