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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, but including 2012-2013 allegations: claimants allege the recommendation to invest in and hold puerto rico closed-end funds and municipal bonds was unsuitable, and that their accounts were unsuitably 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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