ROBERT PAUL DUCATO is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 35 E MAIN STREET, WESTFIELD, NY, 14787.
ROBERT PAUL DUCATO has worked at NYLIFE SECURITIES LLC since March 20, 1984
Disclosure History
ROBERT PAUL DUCATO has 2 Disclosure Event(s).
Date: August 01, 2012 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT THE IMPOSED SURRENDERED CHARGES WERE NOT DISCLOSED TO HIM WHEN HE USED THE FUNDS FROM A VARIABLE ANNUITY POLICY TO PURCHASE A FIXED IMMEDIATE POLICY IN JANUARY 2011. Damage Amount Requested: $6,069.70 Settlement Amount: $8,367.11
Date: April 16, 2004 Category: Customer Dispute Allegations: WITH REGARD TO THE PURCHASE OF A VARIABLE ANNUITY IN APRIL 2001 AND TWO ADDITIONAL VARIABLE ANNUITIES IN JANUARY 2003, THE CUSTOMERS ALLEGE I FAILED TO DISCLOSE THE SURRENDER CHARGES ASSOCIATED WITH EACH ANNUITY. THE CUSTOMERS FURTHER ALLEGE THAT HAD THEY KNOWN ABOUT THE CHARGES, THEY WOULD NOT HAVE PURCHASED THE VARIABLE ANNUITIES. THE CUSTOMERS REQUEST THAT THE COMPANY WAIVE THE SURRENDER CHARGES ASSOCIATED WITH THEIR ANNUITIES. Damage Amount Requested: $29,967.98 Broker Comment: UPON REVIEW OF POLICY RECORDS AND DATA, NEW YORK LIFE OFFERED TO WAIVE THE ASSOCIATED SURRENDER CHARGES ON FUTURE WITHDRAWALS ON THE CUSTOMER'S POLICIES. THE CUSTOMER ACCEPTED THE OFFER.
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