Reginald Lee "Reggie" Clark of Woodway was sentenced to 25 years in state prison on May 26 after a Limestone County jury convicted him on a charge of theft.
Clark stole more than $400,000 from clients of his business, Clark Investment Advisors, which operated in Limestone County and surrounding areas.
Clark was not registered to sell securities in Texas. He stole amounts ranging from $15,000 to $152,000 from his clients.
In some instances Clark convicted clients to withdraw funds from legitimate investments and invest the money with Clark Investment Advisors. Clark provided false statements to clients with fictitious returns.
Dale Barron, an enforcement attorney with the Texas State Securities Board, prosecuted the case with the Limestone County District Attorney's Office.