ERIC KAZUYOSHI TAKAO is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 841 BISHOP STREET, DAVIES PACIFIC CENTER - SUITE 1900, HONOLULU, HI, 96813.
ERIC KAZUYOSHI TAKAO has worked at NYLIFE SECURITIES LLC since September 27, 1982
Disclosure History
ERIC KAZUYOSHI TAKAO has 1 Disclosure Event(s).
Date: June 09, 1999 Category: Customer Dispute Allegations: CLIENT ALLEGES WITH REGARD TO HER VARIABLE ANNUITY THAT I TOLD HER "THE ONLY WAY (SHE) COULD GET (HER) MONEY OUT OF THE FIXED ACCOUNT WAS TO REPLACE THAT POLICY WITH A NEWER ONE." SHE ALSO ALLEGES THAT "THE EXCHANGE WAS UNNECESSARY AND NOT IN (HER) BEST INTEREST. BECAUSE THE SURRENDER CHARGES ON THE OLDER POLICY HAD EXPIRED, (SHE) COULD MOVE OUT OF THE FIXED ACCOUNT WITHOUT HAVING TO START A NEW ANNUITY." CLIENT REQUESTS HER OLD ANNUITY POLICY BE REINSTATED WITHOUT ANY LOSS OF INTEREST AND TO CANCEL THE NEW VARIABLE ANNUITY POLICY. Damage Amount Requested: $113,618.06 Settlement Amount: $113,618.06 Broker Comment: THE COMPANY HONORED THE CUSTOMER'S REQUEST TO EXERCISE THE TEN DAY 'FREE LOOK' PROVISION OF HER CONTRACT, CANCELLED THE POLICY WITHOUT PENALTY, AND REFUNDED $113,618.06 TO THE CLIENT.
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