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FINRA Broker Allegations

Allegations against: Ian M Deliz Morales

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Claimant alleges that financial consultant investment recommendations to purchase and to hold p.r. Government development bonds resulted in an over-concentrated and high-risk portfolio,which were unsuitable positions in light of the client's risk tolerance. Claimant also alleges that recommendations made by the financial consultant were particularly egregious in light of puerto rico's well known deteriorating financial condition.

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