RONALD DEAN BARE

RONALD DEAN BARE is currently employed as a Broker and/or Investment Adviser at SECURITIES AMERICA, INC. located at 3113 MAIN ST, SUITE 260, CONESTOGA, PA, 17516.

RONALD DEAN BARE has worked at SECURITIES AMERICA, INC. since November 12, 2002

Disclosure History

RONALD DEAN BARE has 2 Disclosure Event(s).

Date: January 13, 2014
Category: Customer Dispute
Allegations: CLIENTS ALLEGE THE VARIABLE ANNUITY AND TWO REITS THEY PURCHASED THROUGH THE REPRESENTATIVE IN 2005 AND 2006 WERE UNSUITABLE INVESTMENTS FOR THEIR NEEDS.
Damage Amount Requested: $133,317.00
Broker Comment: ANY LOSSES THE CLIENTS REALIZED WERE ASSOCIATED WITH THE TURBULENT MARKET CONDITIONS OF 2007-2009. THE CLIENTS PREMATURELY LIQUIDATED A MAJORITY OF THEIR INVESTMENTS AGAINST MY ADVICE AND COULD THEREFORE NOT EXPERIENCE ANY GAINS THAT MAY HAVE RESULTED FROM THE FOLLOWING MARKET RECOVERY. THE CLIENTS SIGNED MULTIPLE FORMS INDICATING THEIR UNDERSTANDING OF THE RISKS OF INVESTING AND THE POTENTIAL LACK OF LIQUIDITY OF THE INVESTMENT VEHICLES. AT THE TIME THE INVESTMENTS WERE MADE, THE CLIENTS AGREED THAT THESE WOULD BE SUITABLE INVESTMENTS FOR THEIR NEEDS. MY BROKER/DEALER HAS REVIEWED THE COMPLAINT AND HAS DENIED THE CLIENTS' CLAIMS.

Date: April 14, 2011
Category: Customer Dispute
Allegations: IN CONNECTION WITH THE RECOMMENDATION AND SALE OF MEDICAL CAPITAL, CLAIMANTS ALLEGE MISREPRESENTATION AND UNSUITABILITY.
Damage Amount Requested: $1,318,000.00
Settlement Amount: $555,865.39
Broker Comment: I AM NOT A NAMED RESPONDENT IN THIS MATTER, AND ANY ALLEGATIONS MADE AGAINST ME ARE WITHOUT MERIT. FURTHER, MY CLIENTS WHO ARE A PARTY TO THIS CLAIM ONLY INVESTED A TOTAL OF $100,000, NOT THE $200,000 WHICH IS ALLEGED. 10/12/2011: THIS CLAIM WAS PART OF A GLOBAL SETTLEMENT BY SECURITIES AMERICA, INC. 10/01/2012 SAI SETTLED ALL REMAINING CLAIMS FOR $55,000.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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