Cameron Clark: Suitability Complaint Against Members Financial Advisor

Albuquerque, New Mexico financial advisor Cameron Clark (CRD# 5010604) recently received an investor complaint alleging that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with LPL Financial, doing business as Members Financial Services

Mr. Clark’s BrokerCheck report discloses one investor complaint. Filed in May 2024, it alleges that as a representative of Cuna Brokerage Services and LPL Financial, he recommended an unsuitable investment strategy involving options and stock products. The pending complaint alleges damages of at least $5,000.

In a statement included with the complaint’s disclosure, Mr. Clark denied the allegations, which he described as meritless. “The investments about which the customer complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after her review of all material documentation related to the investments,” he states. “At all times, the representative put the customer’s interest first.”

Members Financial Services’ website includes a profile of Mr. Clark that describes his background and services, including financial planning, wealth management, and charitable giving strategies. “Helping you work toward your financial goals, by carefully developing a plan that aligns with your specific needs, experience and time horizon, is an honor and my highest priority,” he writes. “Working together, we will create a customized plan focused on your key financial goals.”

According to the Financial Industry Regulatory Authority, Cameron Clark holds 16 years of securities industry experience. Based in Albuquerque, New Mexico, he has been a broker and an investment advisor with LPL Financial since 2022, doing business as Members Financial Services. His past registrations include Cuna Brokerage Services, HD Vest Investment Services, Centaurus Financial, Merrill Lynch, Morgan Stanley, and Morgan Stanley DW. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He holds 35 state licenses. (Information current as of May 18, 2024.)

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