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FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: 2012-2014 allegations: claimant alleges that the recommendation to invest in and hold puerto rico government bonds was unsuitable and that the account was over-concentrated in those investments. He further alleges that the risks of investing in the pr investments were misrepresented and that the leverage and liquidity risks of the pr investments were not disclosed.

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