Clinton Robert Hare of Marriottsville Maryland a stockbroker and investment adviser representative currently employed by Equitable Advisors LLC (AXA Advisors) has been identified in a customer initiated investment related written complaint on July 2, 2019 where the customer sought unspecified damages founded on accusations that the customer had been placed into an unsuitable variable life insurance policy in 2017 since it was incompatible with the customer’s needs. The complaint also alleges that there were inaccuracies or false statements with regard to the premiums on the insurance policy sold by Hare at AXA Advisors.
Hare has been identified in six additional customer initiated investment related disputes concerning allegations of his misconduct while employed by AXA Advisors and The Equitable Life Assurance Society of the United States. Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that a customer filed an investment related complaint pertaining to Hare in which the customer requested $44,510.41 in damages supported by allegations of misrepresentations being made concerning a variable life insurance policy that Hare sold.
Another customer filed an investment related complaint regarding Hare’s conduct where the customer sought unspecified compensation based upon accusations that the customer was falsely told that the assets invested in a variable life insurance policy were able to be accessed and that the customer’s money would be guaranteed to increase. The claim alleges that the customer incurred market damages.
Hare is also the subject of a customer initiated investment related written complaint in which the customer requested unspecified damages based upon allegations that the AXA Advisors customer was placed into an insurance product which failed to align with the customer’s interests and which led the customer to pay unreasonable premiums to avoid the policy lapsing. Another customer filed an investment related complaint involving Hare’s conduct in which the customer alleged that the stockbroker concealed information about penalties for liquidating a variable annuity that the customer had purchased.
Hare has also been identified in a customer initiated investment related written complaint where the customer sought unspecified damages founded on accusations of the failure by Hare to explain terms and conditions of a variable annuity and variable life insurance policy sold to the customer while Hare was employed by AXA Advisors.
Hare has been employed by Equitable Advisors since July 1, 1982.
