OLIVER C MCNICHOLAS

OLIVER C MCNICHOLAS is currently employed as a Broker and/or Investment Adviser at ALLSTATE FINANCIAL SERVICES, LLC located at 1015 JERICHO TPKE, NEW HYDE, NY, 11040-4610.

OLIVER C MCNICHOLAS has worked at ALLSTATE FINANCIAL SERVICES, LLC since December 19, 2005

Disclosure History

OLIVER C MCNICHOLAS has 2 Disclosure Event(s).

Date: March 28, 2006
Category: Customer Dispute
Allegations: REGARDING THE 1987 PURCHASE OF A VARIABLE APPRECIABLE LIFE INSURANCE POLICY, THE CLIENT ALLEGED MISREPRESENTATION CONCERNING THE ABBREVIATED PAYMENT PLAN. THIS MATTER IS BEING REPORTED BECUASE THE COMPLAINANT HAS ALLEGED NO DOLLAR AMOUNT AND THE FIRM HAS NOT MADE A GOOD FAITH DETERMINATION THAT THE DAMAGES FROM THE ALLEGED CONDUCT WOULD BE LESS THAN $5000.00

Date: April 08, 2003
Category: Customer Dispute
Allegations: REGARDING THE 1999 PURCHASES OF TWO VARIABLE APPRECIABLE LIFE INSURANCE POLICY, THE CLIENT ALLEGED MISREPRESENTATION CONCERNING THE POLICIES BEING PAID UP IN 10 YEARS. THE INSURED DID NOT ALLEGE ANY SPECIFIED DAMAGES.
Settlement Amount: $20,883.95
Broker Comment: MARKETING DECISION AND TOTAL LOSS $20,883.95. THIS MATTER IS BEING REPORTED CONSISTENT WITH NASDR RULES PERTAINING TO THE REPORTING OF CERTAIN WRITTEN CUSTOMER COMPLAINTS AND SETTLEMENT OF $10,000 OR MORE. THE COMPANY BY THIS FILING MAKES NO ALLEGATIONS REGARDING THE ACTIONS OF THE REPRESENTATIVE.

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.

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