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FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: unspecified claimants allege the recommendation to invest in puerto rico municipal bonds was unsuitable, and that their accounts were over-concentrated in puerto rico investments. Claimants also allege that the risk of investing in and concentration in puerto rico investments was misrepresented.

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