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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. allegations: claimants allege that the recommendation to invest in and hold puerto rico closed-end funds and puerto rico government bonds was unsuitable and that the account was over-concentrated in those investments. They further allege that their investments were misrepresented as safe and low-risk and that the leverage and liquidity risks of the pr investments were not disclosed.

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