RICHARD W JASPER is currently employed as a Broker and/or Investment Adviser at PARK AVENUE SECURITIES LLC located at 2500 WEST CHESTER AVE, SUITE 401, PURCHASE, NY, 10577.
RICHARD W JASPER has worked at PARK AVENUE SECURITIES LLC since May 03, 1999
RICHARD W JASPER has 2 Disclosure Event(s).
Date: June 13, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT PURCHASES OF VARIABLE ANNUITY CONTRACTS WERE NOT APPROPRIATE. CLIENT DEMANDS WAIVER OF ALL SURRENCER CHARGES TOTALLING $83,790.32 Damage Amount Requested: $83,790.32 Broker Comment: AFTER A REVIEW OF THE ISSUES RAISED, GUARDIAN INVESTER SERVICES CORPORATION DETERMINED THAT THE CONTRACTS WERE PROPERLY SERVICED, ALL FEES AND CHARGES WERE EXPLAINED AND MR. JASPER ACTED PROPERLY. THE COMPLAINT WAS DENIED.
Date: September 04, 1992 Category: Customer Dispute Allegations: CLAIMANT ALLEGED MISREPRESENTATIONS RELATIVETO HIS PURCHASE OF TWO (2) LIMITED PARTNERSHIP INVESTMENTS. THEAMOUNT OF DAMAGES WAS UNSPECIFIED. Settlement Amount: $30,000.00 Broker Comment: MATTER CASE WAS AMICABLY RESOLVED BETWEEN THEPARTIES PRIOR TO THE COMMENCEMENT OF AN ARBITRATION HEARING.PURSUANT TO THE TERMS OF SETTLEMENT, CLAIMANT WAS PAID A LUMPSUM OF $30,000.00.ALL ALLEGATIONS MADE WERE DENIED. AMONG OTHERCORROBATIVE DEFENSE SET FORTH IN THE ANSWER WAS THE "FACT" THAT[CUSTOMER] WAS A SOPHISTICATED INVESTOR WITH A LONG HISTORY OFLIMITED PARTNERSHIP INVESTING PRIOR TO MEETING MR. JASPER.HOWEVER, THE BROKER-DEALER NAMED AS A RESPONDENT (DEFENDANT)HAD DISSOLVED TWO (2) YEARS PRIOR TO THE CASE FILING, LEAVINGMR. JASPER TO DEFEND THE CLAIM ALONE. GIVEN THE COSTS (INEXCESS OF SETTLEMENT) AND TIME COMMITMENT (I.E. LOST EARNINGS)ASSOCIATED WITH DEFENDING A PROTRACTED ARBITRATION CASE INFLORIDA, MR. JASPER, WHILE MAINTAINING HIS INNOCENCE AND THEINCREDULITY OF [CUSTOMER'S] ALLEGATIONS, DECIDED THAT IT WAS BESTTO RESOLVE THE MATTER PRIOR TO THE ARBITRATION HEARING.
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