The allegations read: Claimants allege that financial consultant investment recommendations to purchase p.r. Close end funds and p.r. Bonds resulted in an over concentrated and high risk portfolio, which were unsuitable positions in light of the client's risk tolerance and wish to preserve his capital. Claimants also allege that financial consultant made false and misleading representations regarding the products risks. Claimant also states that the financial consultant was churning in the claimant's account.
