Clark Warren Fee (CRD #3212309) Has Customer Dispute and Judgment / Lien Disclosures on FINRA BrokerCheck

Clark Warren Fee (CRD #3212309) is a broker with customer dispute and judgment/lien disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 16, 2026. It reflects one customer dispute and two judgment/lien disclosures. If you invested with Clark Fee and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Clark Fee’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute follows.

On April 9, 2026, a customer alleged Clark Fee failed to follow investment instructions from 2018 through 2025. The customer claimed the activity caused missed market gains and sought $5,000 in damages. Clark Fee’s FINRA BrokerCheck Report lists the product as a mutual fund. The complaint identifies Quest Capital Strategies, Inc. as the employing firm when the activity occurred. Clark Fee’s FINRA BrokerCheck Report shows a denied status dated April 23, 2026.

Judgment / Lien Disclosures

Clark Fee’s FINRA BrokerCheck Report reflects two judgment/lien disclosures. Summaries follow.

Clark Fee’s FINRA BrokerCheck Report lists one IRS tax lien in federal court in Seattle, Washington. The report lists November 28, 2024, as the filing date. The amount is $15,403.91, and the lien remains outstanding.

Clark Fee’s FINRA BrokerCheck Report lists a second IRS tax lien in federal court in Seattle, Washington. The report lists November 28, 2024, as the filing date. The amount is $32,922.08, and the lien remains outstanding.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires firms to observe high standards of commercial honor. Customer complaints may raise questions about how the broker handled account instructions and client communications.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 addresses recommendations involving a security or investment strategy. The rule looks at whether the recommendation fit the customer’s investment profile. Mutual fund disputes may raise questions about fit, risk, and documentation.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Clark Fee:

Is currently registered with StoneX Securities Inc.

Has passed the Securities Industry Essentials (SIE) exam. Clark Fee has passed Series 6. He has also passed Series 66.

Was previously registered with firms that include Quest Capital Strategies, Inc. and Waddell & Reed, Inc.

Kurta Law Can Help

If you have worked with Clark Fee and have concerns about his activity, Kurta Law may be able to help. A securities attorney can assess potential causes of action. The review can address whether losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud?

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can also explain possible next steps.