GLEN ALLEN CLEMANS

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

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