WILLIAM THOMAS MAWBY is currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 9050 SWEET VALLEY DR, VALLEY VIEW, OH, 44125.
WILLIAM THOMAS MAWBY has worked at CETERA ADVISOR NETWORKS LLC since September 03, 2013
WILLIAM THOMAS MAWBY has 3 Disclosure Event(s).
Date: September 20, 2007 Category: Customer Dispute Allegations: THE CLIENT ALLEGED I PLACED HIM IN HIGH-RISK BOND FUNDS WHICH WERE NOT IN-LINE WITH THIS RISK TOLERANCE. BOND FUND WAS PURCHASED IN JULY 2006. Damage Amount Requested: $40,000.00 Broker Comment: THE FIRM FOUND THE ADVISOR MADE SUITABLE RECOMMENDATIONS GIVEN THE CLIENT'S GOALS AND OBJECTIVES. THE CLIENT DECIDED TO BUY AND SELL SECURITIES THAT CONTRADICTED THE RECOMMENDATIONS MADE BY THE ADVISOR. THE FIRM FOUND NO JUSTIFICATION FOR SETTLEMENT WITH THE CLIENT.
Date: February 01, 2005 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT I ASSISTED IN PLACING THEM IN UNSUITABLE ANNUITY INVESTMENTS WITH LONG SURRENDER PENALTY TERMS WHEN THEY STATED THEY HAD A NEED FOR MORE LIQUID FUNDS. Damage Amount Requested: $5,000.00 Settlement Amount: $10,246.26 Broker Comment: OUR REVIEW FOUND THAT MR. MAWBY WAS NAMED WITHIN THE COMPLAINT AS HE WAS ASSOCIATED WITH THE SELLING ADVISOR AT THAT TIME THE CLIENT PURCHASED THEIR ANNUITIES. MR. MAWBY WAS NOT THE SOLICITING ADVISOR ASSOCIATED WITH THE ANNUITY SALES. OUR REVIEW FOUND THERE WAS NO INAPPROPRIATE ACTION BY MR. MAWBY
Date: June 30, 2003 Category: Customer Dispute Allegations: THE CLIENT STATED SHE DID NOT RECEIVE THE ANNUITY CONTRACT THE APPLIED FOR IN APRIL 2001 AND ONLY RECENTLY DISCOVERED SHE HAD A TEN YEAR VARIABLE ANNUITY. $7538.98 REPRESENTS THE LOSSES AND SURRENDER PENALTY SHE INCURRED WHEN SHE SURRENDERED HER ACCOUNT JUNE 10, 2003. Damage Amount Requested: $7,538.93 Broker Comment: AT THE TIME OF PURCHASE THE CLIENT SIGNED THE APPLICATION AND DISCLOSURE FORMS WHICH INDICATED THE VARIABLE ACCOUNTS WOULD PROVIDE THE POTENTIAL FOR GREATER RETURNS. THE CLIENT RECEIVED STATEMENTS AND CONFIRMATIONS, DISCUSSED THE ANNUITY WITH THE ADVISOR AND FIELD LEADER AND RE-ALLOCATED FUNDS WITHIN THE ANNUITY SINCE THE PURCHASE IN 2001.
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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.
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