Last Updated: March 2025 – Vienna, VA
Thomas Clark Investigation Summary
Here’s what you need to know about Vienna, VA, former stockbroker Thomas Clark:
- Name: Mr. Thomas Francis Clark
- Current Status: Not currently registered
- Prior Employers: Kestra Investment Services, LLC; NFP Securities, Inc.; Lincoln Financial Advisors Corporation; The Lincoln National Life Insurance Company; Cigna Financial Advisors, Inc.
- Function: Stockbroker / Financial Advisor
- Other Businesses: Blue Ocean Partners, LLC
- Primary Location: Vienna, VA
- CRD#: 729345
- Can Thomas Clark be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Settlement or Award: $290,000
- Pending Customer Dispute Seeks Damages of: Amount not yet specified.
If you’ve sustained damages from Mr. Clark, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Thomas Clark As Your Stockbroker?
Three customer disputes have been filed against Thomas Clark, with the most recent and still pending FINRA arbitration case (No. 24-01802) filed on August 21, 2024. The complaint, tied to his time at Kestra Investment Services, alleges that Mr. Clark recommended unsuitable direct participation program (DPP) and limited partnership (LP) investments. A specific damage amount has not yet been stated.
In a previous FINRA arbitration case (No. 24-0388), filed on February 20, 2024, customers alleged unsuitable investment recommendations in DPP & LP products. This case was settled on February 14, 2025, for $290,000.
The other past case (FINRA Case No. 14-01742) filed on June 26, 2014, alleged misrepresentation in the sale of tenants-in-common and oil and gas investments. That matter was settled for $260,000.
Allegations of Broker Misconduct Against Thomas Clark
Customers of Thomas Clark have alleged the following misconduct:
- Unsuitable Investment Recommendations: Multiple disputes involve allegations of unsuitable investments in complex and illiquid products such as DPPs, LPs, and oil and gas offerings. These may constitute violations of FINRA Rule 2111, which requires that all investment recommendations be suitable based on a customer’s financial profile and investment goals.
- Misrepresentation: One arbitration alleged that Mr. Clark misrepresented material facts related to tenants-in-common and oil & gas investments. This may implicate anti-fraud provisions under both FINRA and SEC rules, particularly where misleading statements or omissions are involved.
The Financial Industry Regulatory Authority (FINRA) licenses and regulates stockbrokers and brokerage firms. It requires full disclosure of complaints, arbitrations, regulatory actions, and financial judgments against brokers to help protect investors.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Thomas Francis Clark, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.