Rockefeller Advisor Peter Clarke Hit with $6.3M Complaint

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UBS Advisor Lands $1mm Investor Complaint

The financial world is vast and filled with potential potholes, and one such pothole in Palm Beach Gardens, Florida is allegedly the financial advisor Peter Clarke (CRD# 1400419). With a significant allegation claiming his advice caused seven-figure damages, it raises the crucial question — What’s the story here?

The Relevant Records

According to The Financial Industry Regulatory Authority’s records, Clarke is currently a broker with Rockefeller Financial and an investment advisor with Rockefeller Capital Management. Prior to this, he was registered with Truist Investment Services. Can you imagine a financial advisor with such affiliations causing you loss in the millions? It’s hard, isn’t it?

Peter Clarke’s Complaints History

A delve into Clarke’s BrokerCheck report shows two investor complaints. The most recent surfaced in July 2023, accusing Clarke of serving up stock investment advice that was “too risky” while working for Truist Investment Services. The fallout? An eye-watering $6.3 million pending in damages.

But this wasn’t his first rodeo with investor complaints. Rewind to 1997, he was charged with breaching his fiduciary duty, falsifying material facts, and suggesting unsuitable investments while functioning as a representative for Wheat First Securities. The incident resulted in a settlement of $25,800 the following year.

Clarke’s Track Record

Peter Clarke, based in Palm Beach Gardens, Florida, boasts 37 years of securities industry experience. However, a swirl of investor complaints cloud his long-standing career. Since 2021, he’s been associated with Rockefeller Financial and Rockefeller Capital Management. Over the years, his affiliations have spanned nationwide:

  • Truist Investment Services, Palm Beach, Florida (2021)
  • BB&T Securities, Richmond, Virginia (2013-2021)
  • Scott & Stringfellow, McLean, Virginia (2009-2013)
  • Wells Fargo Advisors, McLean, Virginia (1999-2009)
  • First Union Capital Markets, Charlotte, North Carolina (1988-1999)
  • Dean Witter Reynolds (1985-1988)

He has successfully navigated five securities industry qualifying examinations:

  • the General Securities Representative Examination (Series 7)
  • the Futures Managed Funds Examination (Series 31)
  • the Securities Industry Essentials Examination (SIE)
  • the Uniform Securities Agent State Law Examination (Series 63)
  • the Uniform Investment Adviser Law Examination (Series 65)

With 36 state licenses currently under his belt, one might assume Clarke to be a trusted confidant in the investment landscape; but reality seems to be a different story.

Haselkorn & Thibaut extends its legal experience to help investors across the United States in claims against financial advisors and investment firms. If you or a loved one have found yourself struggling with investment losses, reach out to us at 1-800-856-3352 or fill our contact form for a free and confidential consultation. No one should have to bear the brunt of unsound financial advice alone.

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