CHET HADDAWAY MCWILLIAMS is currently employed as a Broker and/or Investment Adviser at LINCOLN FINANCIAL SECURITIES CORPORATION located at 301 SUNBURST HIGHWAY, CAMBRIDGE, MD, 21613.
CHET HADDAWAY MCWILLIAMS has worked at LINCOLN FINANCIAL SECURITIES CORPORATION since May 13, 1994
Disclosure History
CHET HADDAWAY MCWILLIAMS has 2 Disclosure Event(s).
Date: May 27, 2016 Category: Customer Dispute Allegations: The client alleges he was led to believe he could begin receiving his guaranteed lifetime withdrawal benefit a year earlier than permitted by his variable annuity rider. Settlement Amount: $46,369.61 Broker Comment: Although the firm's investigation found no evidence to support the client's allegations, in good faith and without admitting liability, the representative and the client agreed to settle the dispute for an amount paid by the representative's errors & omission insurance carrier.
Date: July 21, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES THE REPRESENTATIVE ASSURED HER IN THE FALL OF 2010 THAT SPLITTING THE VARIABLE ANNUITY (50/50) BECAUSE OF A DIVORCE DECREE WOULD NOT NEGATIVELY IMPACT THE DEATH BENEFIT OR LIVING BENEFIT RIDER AND SHE WOULD NOT BE SUBJECT TO ANY CHARGES. CLIENT CLAIMS THE SPLIT, WHICH OCCURRED IN APRIL 2011, REDUCED HER LIVING BENEFIT RIDER MORE THAN 50% AND SHE WAS CHARGED PENALTIES. Settlement Amount: $75,104.00 Broker Comment: THE REPRESENTATIVE'S ERRORS AND OMISSIONS CARRIER DETERMINED THE COST OF DEFENDING THIS COMPLAINT WOULD HAVE SURPASSED THE COST OF SETTLEMENT. THEREFORE AS A BUSINESS DECISION, THE SETTLEMENT OFFER WAS EXTENDED TO THE CLIENT.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for CHET HADDAWAY MCWILLIAMS, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.