KEVIN GERARD CLAR is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 1840 S WINTON RD STE A, ROCHESTER, NY, 14618.
KEVIN GERARD CLAR has worked at SECURITIES AMERICA, INC. since September 05, 2007
Disclosure History
KEVIN GERARD CLAR has 2 Disclosure Event(s).
Date: January 11, 2008 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT THE REP DID NOT ADVISE HER OF CDSC CHARGES OF $1815.49 ASSOCIATED WITH THE TRANSFER OF HER ACCOUNT. SHE IS REQUESTING DAMAGES OF $17,500 FOR THESE CDSC CHARGES, TAXES, AND INTEREST. Damage Amount Requested: $17,500.00 Settlement Amount: $1,815.49 Broker Comment: ATTEMPTED TO OFFER RESOLUTION TO THE CLIENT IN A COOPERATIVE MANNER BY OFFERING TO REIMBURSE CDSC CHARGES OF $1815.49. THE OFFER WAS REFUSED BY THE CLIENT.
Date: March 29, 1999 Category: Customer Dispute Allegations: ALLEGATIONS: "LOST APPROXIMATELY $16,000 IN A....GOOD MARKET" UNSUITABLE FOR "SMALL CAP" FUNDS "POOR ADVICE" Broker Comment: CLAIM DENIED AS "LOSSES" ARE PAPER LOSSES (UNREALIZED). SO-CALLED "LOSSES" ARE THE RESULT OF MOVING MONIES INTO CONSERVATIVE MUTUAL FUNDS, WHICH HAVE SINCE RECOVERED OVER HALF OF THE SO-CALLED "LOSSES". THE "SMALL CAP" FUNDS WERE ACTUALLY GROWTH, LARGE CAP & GROWTH & INCOME FUNDS WHO WERE PERFORMING WELL. THE CLIENT HELD THESE FUNDS FOR ONLY 18 MONTHS BEFORE INSTRUCTING THE RR, AT HER REQUEST, INTO CONSERVATIVE (INCOME ONLY) FUNDS. THE CLIENT HAS OVER 15 YEARS EXPERIENCE.
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