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FINRA Broker Allegations

Allegations against: John James Petracco

Allegation type: Customer Dispute

Allegation status: Denied

The allegations read: Prudential securities customer alleges the recommendations which he followed to sell his holdings of ibm and dupont were inappropriate relative to market conditions. Customer alleges the stocks were expected to be long-term holdings. Customer alleges he could have gained $7,000. Customer also alleges he incurred signigicant taxable gains.

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