Longview adviser fined, reprimanded for failing to disclose liens

Local News

Texas State Securities Board Release:

Texas Securities Commissioner John Morgan entered a Disciplinary Order Dec. 30 that levied a $5,000 fine and reprimanded Bruce Russell Clark of Longview for failing to timely disclose liens filed against him going back to 1996.

As part of the order, the Securities Commissioner granted the registration of Clark as an investment adviser representative and agent of Wells Fargo Clearing Services LLC.

Clark violated State Securities Board Rules by failing to disclose within 30 days any changes in information previously disclosed in a filing to the Securities Commissioner.

Five liens were entered against Clark from 1996 to 2014, but he did not disclose them until August and September of 2016.

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