Erez Law is currently investigating former Woodstock Financial Group, Inc. broker Raymond Clark (CRD# 2865619) regarding stock losses.
He was registered with Alexander Capital, L.P. in Red Bank, New Jersey from June to July 2023. Previously, he was registered with Monmouth Capital Management LLC in Point Pleasant Beach, New Jersey from 2021 to 2023.
Previously, he was registered with Garden State Securities, Inc. in Red Bank, New Jersey, from 2019 to 2021, and with Woodstock Financial Group, Inc. in Staten Island, New York, from 2019 to 2021.
In August 2023, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA while it sought to investigate, among other issues, his role in the potential churning, excessive trading, and unauthorized trading of customer accounts; supervision of other registered representatives for potential excessive trading and/or churning of customer accounts; potential violations of rules intended to safeguard non-public personal customer information; and potential violations of recordkeeping rules.”
In December 2023, the New Jersey Bureau of Securities sanctioned him to a revocation following allegations that “Clark is the subject of an order of a self-regulatory organization expelling him from a self-regulatory organization.”
Raymond Clark Customer Complaints
He has been the subject of four customer complaints between 2002 and 2023, according to his CRD report. The most recent complaint was regarding:
May 2023. “Negligence, churning, unauthorized trades.” The customer is seeking $509,371 in damages in this pending customer complaint.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Woodstock Financial Group, Inc. may be liable for investment or other losses suffered by Raymond Clark’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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