GLEN ALLEN CLEMANS is currently employed as a Broker and/or Investment Adviser at ROYAL ALLIANCE ASSOCIATES, INC. located at 5 CENTERPOINTE DR SUITE 550, SUITE 550, LAKE OSWEGO, OR, 97035.
GLEN ALLEN CLEMANS has worked at ROYAL ALLIANCE ASSOCIATES, INC. since November 19, 1989
Disclosure History
GLEN ALLEN CLEMANS has 2 Disclosure Event(s).
Date: December 19, 2005 Category: Customer Dispute Allegations: CLAIMANT ALLEGES BREACH OF CONTRACT AND NEGLIGENCE JANUARY 2004. Damage Amount Requested: $129,030.01 Settlement Amount: $30,000.00 Broker Comment: SETTLED SOLELY TO AVOID COSTS AND BURDENS OF LITIGATION. SETTLEMENT REPRESENTATED A SUM THAT WAS SUBSTANTIALLY LESS THAN ARBITRATION COSTS THAT WOULD HAVE BEEN INCURRED.
Date: August 27, 1997 Category: Customer Dispute Allegations: ALLEGE OMISSION OF MATERIAL FACT CONCERNINGSALE OF MUTUAL FUNDS. Settlement Amount: $2,168.51 Broker Comment: SETTLEMENT OF $2,168.51CUSTOMER HAS BEEN A MUTUAL FUND INVESTOR THROUGHME FOR 10 YEARS. I BELIEVE HE UNDERSTOOD RISK, FLUCTUATION, ANDSALE CHARGES FOR EARLY WITHDRAWAL IN HIS FIDELITY ACCOUNTSTHROUGH MY EXPLANATIONS AND PROSPECTUS` HE RECEIVED. CUSTOMER'S INVESTMENTS YIELDED A 16% RETURN IN THE YEAR HE HELDTHEM. THE $2168-51 HE ~LOST~ WAS SALES CHARGES FOR EARLYWITHDRAWAL OF FUNDS HE USED TO PURCHASE A SECOND HOME WITHDOLLARS DESIGNATED FOR LONG-TERM (5 YEARS) INVESTMENT. THEALLEGED OMISSION WAS SALES CHARGES FOR EARLY WITHDRAWAL.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for GLEN ALLEN CLEMANS, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.