Former Buffalo Broker, RAYMOND THOMAS CLARK, Sentenced to Prison

RAYMOND THOMAS CLARK (CRD#: 3120696), a former financial advisor from Amherst, New York, allegedly stole $870,000 from his clients.  According to news reports, he is going to prison for 27 months.
According to the Buffalo news, RAYMOND THOMAS CLARK pleaded guilty last year to wire fraud and money laundering. He allegedly ran a scheme targeting three victims, two were his friends, from 2013 to May of 2017.
The reports stated that when he plead guilty, he admitted that he had misled his victims telling them he would invest their money in hedge funds and stocks, but Clark used the money for his own personal use.
According to the Buffalo News, one of the victim’s mothers wrote to the judge who sentenced RAYMOND THOMAS CLARK, telling him that her son knew Clark for 14 years and because of the $150,000 Clark stole from him, her son had to sell his home.  "It did not matter to Ray Clark that my son needed to be paid back,” the woman wrote in her letter. "What mattered to him was joining a country club, driving new cars and taking very nice vacations."
According to FINRA’s BrokerCheck, RAYMOND THOMAS CLARK, has 17 Disclosures on his report with 13 are Customer Disputes dating back to 1999. Clark was barred by FINRA in 2015 for failing to pay $24,397.87 he was ordered to pay in fines. There is a Customer Dispute dated, 11/17/2014, that is pending and alleges, “Plaintiff said he loaned Ray Clark $814,530.00 plus interest. Is claiming misrepresentation and forgery of securities, and says the funds are gone.  Plaintiff had a brokerage account with Dynasty at the time of the occurrence but through this account never did any transactions.” The damage amount requested is: $814,530.00
Ray Clark has been in the securities industry for 15 years and was listed with 8 firms.  The most recent listed below:
08/02/2010 - 08/07/2014  DYNASTY CAPITAL PARTNERS, INC. - BUFFALO, NY
05/01/2009 - 08/02/2010  FIRST MIDWWEST SECURITIES, INC. - BUFFALO, NY
12/03/2008 - 05/15/2009  PAULSON INVESTMENT COMPANY, INC. - BUFFALO, NY
06/29/2007 - 01/02/2009  JP TURNER & COMPANY, LLC - BUFFALO, NY
If you were also a victim of the alleged schemes of RAYMOND THOMAS CLARK, formerly with Dynasty Capital Partners of Buffalo, NY, contact Soreide Law Group and speak to an experienced securities lawyer at no cost to you regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group will represent you nationwide before FINRA on a contingency fee basis—no fee to you if no recovery.