WILLIAM ROBERT NEVILLE is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 39 SIMON STREET, STE 3B, NASHUA, NH, 03060.
WILLIAM ROBERT NEVILLE has worked at NYLIFE SECURITIES LLC since October 23, 1982
Disclosure History
WILLIAM ROBERT NEVILLE has 2 Disclosure Event(s).
Date: October 05, 2012 Category: Customer Dispute Allegations: REGARDING THE PURCHASES OF A VARIABLE UNIVERSAL LIFE INSURANCE POLICY IN JULY 2011 AND TWO VARIABLE ANNUITIES IN DECEMBER 2002, THE CUSTOMER ALLEGES THAT THE POLICIES WERE NOT SUITABLE FOR HER NEEDS. THE CUSTOMER FURTHER ALLEGED THAT SHE INCURRED TAX PENALTIES AND SURRENDER CHARGES THAT WERE NOT INITIALLY DISCLOSED TO HER AND EXPERIENCED INVESTMENT LOSSES ASSOCIATED WITH THE PRODUCTS. Settlement Amount: $53,500.00 Broker Comment: FINRA ARBITRATION NOT NAMING THE RR AS A PARTY HAS BEEN SETTLED. MR. NEVILLE DENIES ANY WRONGDOING RELATED TO THE ALLEGATIONS MADE IN THE ARBITRATION. THE DECISION TO SETTLE THIS MATTER WAS TO AVOID FURTHER CLAIMS, LITIGATION AND/OR ARBITRATION.
Date: August 02, 2004 Category: Customer Dispute Allegations: WITH REGARD TO A VARIABLE LIFE INSURANCE POLICY PURCHASED IN MARCH 1999, THE CUSTOMER ALLEGES THE POLICY FEATURES WERE NOT ADEQUATELY DISCLOSED WITH REGARD TO THE COST OF INSURANCE AND OTHER POLICY CHARGES AND EXPENSES. THE ALLEGED COMPENSATORY DAMAGES BELOW REPRESENT THE POLICY PREMIUMS PAID MINUS THE SURRENDER PROCEEDS RECEIVED. Damage Amount Requested: $12,740.97 Broker Comment: UPON REVIEW OF POLICY RECORDS AND DATA, NEW YORK LIFE DID NOT FIND SUFFICIENT EVIDENCE TO SUPPORT THE CUSTOMER'S ALLEGATIONS. NO OFFER OF COMPENSATION HAS BEEN MADE TO THE CUSTOMER.
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