ERIC JARVIS KRONK

ERIC JARVIS KRONK is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 105 W. VIEW ROAD, SUITE 201, COLCHESTER, VT, 05446.

ERIC JARVIS KRONK has worked at NYLIFE SECURITIES LLC since April 15, 1991

Disclosure History

ERIC JARVIS KRONK has 1 Disclosure Event(s).

Date: June 29, 1999
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES THAT AS A RESULT OF HISBEING A RESIDENT OF THE BAHAMAS AND NOT THE UNITED STATES, HESHOULD NOT HAVE BEEN INVESTED IN A VARIABLE ANNUITY "TO DEFERTAXES THAT (HE) WOULD NOT OTHERWISE BE ASSESSED FOR OFFSHOREPERSONS SUCH AS MYSELF. I DID NOT UNDERSTAND THE IMPORTANTFEATURES OF THIS PRODUCT WHEN THE PURCHASE WAS MADE, AND WOULDNOT HAVE DONE SO HAD I KNOWN WHAT I NOW KNOW." CLIENT REQUESTSTHE SURRENDER OF THE POLICY AND TO NEGOTIATE AN AMICABLESURRENDER COST. NAME OF EMPLOYING FIRM: NY LIFE SECURITIES,INC.
Broker Comment: UPON REVIEW OF THE CUSTOMER COMPLAINT, POLICY RECORDS AND DATA, NEW YORK LIFE DID NOT FIND SUFFICIENT EVIDENCE TO SUPPORT THE CUSTOMER'S CLAIMS. NO COMPENSATORY DAMAGES WERE OFFERED TO THE CUSTOMER. ** THE CUSTOMER HAS INITIATED AN NASD ARBITRATION CONCERNING THIS MATTER. I HAVE NOT BEEN NAMED AS A RESPONDENT. THE CUSTOMER SEEKS RESCISSION OF THE ANNUITY AND A REFUND OF ALL PREMIUMS PAID IN ADDITION TO ANY EXPENSES AND TAX LIABILITY INCURRED AS A RESULT OF THE RESCISSION. THE ARBITRATION OF THIS MATTER IS PENDING.

More Information

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