ERROL JUDE DELAHOUSSAYE is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 222 FULTON ST., NEW IBERIA, LA, 70560.
ERROL JUDE DELAHOUSSAYE has worked at NYLIFE SECURITIES LLC since October 24, 1986
Disclosure History
ERROL JUDE DELAHOUSSAYE has 2 Disclosure Event(s).
Date: March 31, 2003 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE ANNUITY PURCHASED IN JUNE 1999, THE CUSTOMER'S ATTORNEY ALLEGES THAT HIS CLIENT'S INVESTMENT WAS "HIGHLY INAPPROPRIATE" DUE TO THE INVESTMENT DECISION SELECTED, AND THE PENALTIES AND SURRENDER CHARGES INCURRED FOR EARLY WITHDRAWAL OF FUNDS. THE CUSTOMER'S ATTORNEY FURTHER ALLEGES HIS CLIENT WAS ADVISED TO TAKE PERIODIC WITHDRAWALS THAT WERE TOO EXCESSIVE. THE CUSTOMER'S ATTORNEY STATES THAT HIS CLIENT'S LOSSES INCLUDE SURRENDER CHARGES AND MARKET LOSS. Damage Amount Requested: $121,305.04 Settlement Amount: $45,000.00 Broker Comment: THIS MATTER WAS SETTLED IN THE AMOUNT OF $45,000.00.
Date: September 23, 2002 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE ANNUITY PURCHASED IN MAY 1999 AND MUTUAL FUNDS PURCHASED IN JANUARY 2001 WITHIN AN IRA ACCOUNT, CLAIMANT'S ATTORNEY ALLEGES I RECOMMENDED PRODUCTS THAT DID NOT MEET THE CLAIMANT'S INVESTMENT OBJECTIVES OR LEVEL OF RISK TOLERANCE. THE CLAIMANT'S ATTORNEY REQUESTS A REFUND OF THE INVESTMENT LOSSES, COMMISSIONS, CHARGES AND PENALTIES INCURRED. UPON REVIEW OF POLICY RECORDS AND DATA, NEW YORK LIFE DID NOT FIND SUFFICIENT EVIDENCE TO SUPPORT THE CUSTOMER'S CLAIMS. NO OFFER OF COMPENSATION HAS BEEN MADE TO THE CUSTOMER. SUBSEQUENT TO NEW YORK LIFE'S DENIAL OF COMPENSATION, THE CLAIMANT FILED AN NASD ARBITRATION CLAIM. IN ADDITION TO HIS PREVIOUS ALLEGATIONS, THE CLAIMANT ALLEGES I FAILED TO ADVISE HIM OF CERTAIN POLICY FEATURES AND REQUIREMENTS. Damage Amount Requested: $142,916.86 Damages Granted: $25,140.00 Broker Comment: THIS MATTER WAS RESOLVED IN THE AMOUNT OF $25,140.00.
More Information
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