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FINRA Broker Allegations

Allegations against: Ian M Deliz Morales

Allegation type: Customer Dispute

Allegation status: Pending

The allegations read: Claimant alleges that financial consultant investment recommendations to purchase and to hold p.r. Bonds resulted in an over concentrated and high risk portfolio, which were unsuitable positions in light of the stated client's risk tolerance. Claimants also allege that financial consultant made misleading representations regarding the products risks and liquidity. Claimant also states that the financial consultant arranged to have the claimant borrow using margin loan.

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