WILLIAM CARL HATHAWAY is currently employed as a Broker and/or Investment Adviser at PROEQUITIES, INC. located at 818 MAIN AVENUE, SUITE 1, FARGO, ND, 58103.
WILLIAM CARL HATHAWAY has worked at PROEQUITIES, INC. since April 30, 2012
Disclosure History
WILLIAM CARL HATHAWAY has 4 Disclosure Event(s).
Date: October 27, 2016 Category: Regulatory
Date: July 29, 2015 Category: Customer Dispute Allegations: PER HARTFORD EQUITY SALES COMPANY'S U5 AMENDMENT OF 7/28/15,"PRUDENTIAL FINANCIAL ("PRUDENTIAL") PURCHASED HARTFORD'S LIFE INSURANCE BUSINESS IN 2013. THE PRIOR COMPLAINT PERTAINING TO THE ESTATE OF [CUSTOMER] ("THE ESTATE")WAS RECEIVED IN MAY 2013 AND DENIED BY PRUDENTIAL IN JANUARY 2014. THE ESTATE OF [CUSTOMER] MATTER HAS EVOLVED INTO A FINRA ARBITRATION DATED JULY 10, 2015 IN WHICH HIMCO DISTRIBUTION SERVICES COMPANY ("HDSC" OR "THE FIRM") WAS NAMED AS A PARTY. THE FORMER HESCO REP, WILLIAM HATHAWAY, WAS MENTIONED IN THE STATEMENT OF CLAIM; THEREFORE, THE FIRM IS AMENDING MR. HATHAWAY'S U5 AT THIS TIME. THE STATEMENT OF CLAIM ALLEGES THAT THE POLICY AT ISSUE WAS SET UP INCORRECTLY WITH THE OWNERSHIP IN ONLY TWO NAMES INSTEAD OF MAKING [CUSTOMER'S] SIX MAIN HEIRS THE OWNERS AS REPRESENTED BY MR. HATHAWAY. THE CLAIM FURTHER ALLEGES THAT HARTFORD FAILED TO SET UP THE POLICY CORRECTLY INITIALLY AND TO REVIEW AND CORRECT THE MISTAKE EACH YEAR FOR TEN YEARS, AND AS A RESULT OF THE MISTAKE, THE ESTATE HAD TO PAY IRS FOR THE TAX LIABILITY OF THE ESTATE." Damage Amount Requested: $207,000.00 Settlement Amount: $55,000.00 Broker Comment: PER HARTFORD EQUITY SALES (HESCO NKA HDSC)8/19/16 U5 FILING: "A mutual agreement was entered into by the Estate and [HARTFORD EQUITY SALES (HESCO NKA HDSC)] on August 5, 2016. To resolve this matter, [HARTFORD EQUITY SALES (HESCO NKA HDSC)]agreed to pay $55,000.00. Mr. Hathaway is not financially contributing to the settlement. On August 9, 2016, counsel for the Estate sent a notice to FINRA dismissing the arbitration with prejudice. The formal dismissal letter from FINRA was received on August 18, 2016 advising that the case has been removed from its docket. [HARTFORD EQUITY SALES (HESCO NKA HDSC)] considers this matter resolved as of August 18, 2016.
Date: June 03, 2013 Category: Customer Dispute Allegations: NEITHER PROEQUITIES NOR I HAVE RECEIVED A COPY OF THE COMPLAINT HOWEVER, PER HARTFORD EQUITY SALES COMPANY'S U-5 FILING OF 5/31/13: "CUSTOMER ALLEGEDLY INTENDED HER SIX RELATIVES TO BE BOTH OWNERS AND BENEFICIARIES OF HER LIFE INSURANCE POLICY. POLICY ONLY LISTS TWO DAUGHTERS AS OWNERS. ATTORNEY ALLEGES THAT THIS WAS DUE TO MISTAKES BY THE THIRD PARTY REPESENTATIVE WHO WAS ASSISTED IN THE ACCOUNT SET UP PROCESS BY ME(RR - HATHAWAY). THE IRS ALLEGES THAT ADDITIONAL ESTATE TAXES TOTALING $300,000 ARE DUE AS THE PREMIUM PAYMENTS EACH YEAR WERE ABOVE THE ANNUAL GIFT TAX EXCLUSION LIMIT". Damage Amount Requested: $300,000.00 Broker Comment: NEITHER PROEQUITIES OR I RECEIVED A COPY OF THE DENIAL OF CLAIM LETTER FROM HARTFORD. THE INFORMATION LISTED IS BASED ON HARTFORD'S 2/6/14 U5 FILING IN REGARD TO THE DENIAL OF THE CUSTOMER'S CLAIM.
Date: March 22, 2011 Category: Regulatory
More Information
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