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FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: july 31, 2013 - unspecified allegations: claimants alleges that the recommendation to invest in and hold puerto rico closed-end funds was unsuitable, and that their accounts were over concentrated in puerto rico investments. They also allege that the risk of investing in and concentration in puerto rico investments was misrepresented.

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