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FINRA Broker Allegations

Allegations against: Karl Ronald Foust

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: The client alleged the representative advised the trustee and her predecessor to invest in wimbledon health partners, llc and did not disclose any potential conflicts of interest as to his relationship with wimbledon nor did the representative provide any other relevant information regarding wimbledon. The client further alleged that wimbledon defaulted on their promissory note and security agreement as they did not make a scheduled balloon payment.

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