Martin Joseph Hare of Oakbrook Illinois a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on April 6, 2018 where the customer sought more than $5,000.00 in damages based upon allegations that between January 27, 2017 and March 16, 2018, Hare was poorly advised to surrender a variable annuity and had been provided false information concerning the tax consequences of effecting the surrender.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on May 12, 2000, a customer initiated investment related complaint involving Hare’s conduct was settled for $6,500.00 in damages supported by accusations that risks of Philadelphia Authority preferred stock and Citicorp preferred stock had been misrepresented. On January 15, 2010, another customer filed an investment related complaint concerning Hare’s activities in which the customer requested $30,000.00 in damages founded on allegations of unsuitable recommendations having been made to the customer concerning mutual funds.
Hare’s registration with UBS Financial Services has been terminated as of December 11, 2017. Since November 30, 2017, he has been employed by RBC Capital Markets, LLC.
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