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Did Raymond Clark Fail to Supervise?

Mar 29, 2022 Failure to Supervise

Raymond Clark (CRD #: 2865619), a broker registered with Monmouth Capital Management, LLC., is facing a customer dispute alleging failure to supervise, according to his BrokerCheck record, accessed on March 25, 2022. Keep reading to learn more about supervision requirements.

On January 27, 2022, Raymond Clark was named in a dispute alleging he failed to supervise.  

FINRA’s Supervisory Rule

FINRA 3110 requires that firms maintain a supervisory system reasonably designed to achieve compliance with FINRA rules. It also requires that the firm designate a registered principal whose job it is to carry out supervisory responsibilities. The firm must make reasonable efforts to determine that all supervisory personnel are qualified, either by experience or training.

Tax Lien

Raymond Clark is the subject of two tax liens totaling $482,671.36.

Background Information

Raymond Clark has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 62 – Corporate Securities Limited Representative Examination
  • Series 24 – General Securities Principal Examination
  • Series 4 – Registered Options Principal Examination

Raymond Clark is a registered broker in 25 states.

In addition to working at Monmouth Capital Management, LLC., Raymond Clark has also worked at the following firms:

  • Garden State Securities, Inc. (CRD #: 10083)
  • Woodstock Financial Group, Inc. (CRD #: 38095)
  • Chelsea Financial Services (CRD #: 47770)
  • P. Turner & Company, LLC (CRD #: 43177)
  • Grayson Financial, LLC (CRD #: 11764)
  • S. Farrel & Company. Inc. (CRD #: 24232)

Kurta Law Can Help

If you have worked with Raymond Clark and are concerned about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.