ALVIN ZACHARY KOLCHINS is currently employed as a Broker and/or Investment Adviser at PARK CITY CAPITAL, INC. located at 261 OLD YORK RD # 823A, JENKINTOWN (MONTGOMERY), PA, 19046.
ALVIN ZACHARY KOLCHINS has worked at PARK CITY CAPITAL, INC. since May 07, 2013
Disclosure History
ALVIN ZACHARY KOLCHINS has 3 Disclosure Event(s).
Date: August 02, 2002 Category: Customer Dispute Allegations: COUNSEL ALLEGES MISREPRESENTATION BY FIRM & AGENT, MISLEADING STATEMENTS REGARDING RETURN GUARANTEES DURING SALE IN 1997 OF VARIABLE ANNUITY CONTRACT. COUNSEL REQUESTED THE FIRM EITHER FUND THE CONTRACT AT A 6% GUARANTEE OR REIMBURSE $742,057.46 Damage Amount Requested: $742,057.46 Broker Comment: EQUITABLE SENT LETTER TO COUNSEL/CLIENT DENYING CLAIM AND STATING THAT THERE IS NO BASIS IN FACT OR DOCUMENTATION FOR THEIR CLAIM OF MISREPRESENTATION. DON WILEY, A REGIONAL VP ATTENDED MY FIRST MEETING WITH THE CLIENT. I DISAGREE WITH THE AMOUNT OF ALLEGED COMPENSATORY DAMAGES COUNSEL REQUESTED THAT IS LISTED ON THE AMENDED U5 BY EQUITABLE. THE CORRECT AMOUNT WOULD BE THE FIGURE LISTED LESS THE VALUE OF THE CLIENT'S ACCOUNT AT THE TIME OF CONTRACT MATURITY IN THE 7TH YEAR.
Date: November 05, 2001 Category: Customer Dispute Allegations: AFTER A SIGNIFICANT MARKET DECLINE CUSTOMER ALLEGED THAT REP FAILED TO ADEQUATELY DISCLOSE THE GRIP FEATURE OF THIS MANULIFE ANNUITY. REP FULLY EXPLAINED THE GRIP FEATURE AND PROVIDED CUSTOMER WITH A PROSPECTUS WHICH ALSO DETAILS THIS FEATURE. NEVERTHELESS, THIS CUSTOMER'S ANNUITY WAS RESCINDED BY THE INSURANCE COMPANY Damage Amount Requested: $15,418.00 Settlement Amount: $15,759.09
Date: October 12, 1973 Category: Regulatory Initiated By: NEW YORK STOCK EXCHANGE Resolution: Decision SanctionDetails: Sanctions: Suspension Broker Comment: DOCUMENTS ATTACHED
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