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FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: december 31, 2012 - present allegations: claimant alleges that the recommendation to invest in and hold puerto rico closed-end funds and puerto rico municipal bonds was unsuitable, and that her account was over concentrated in pr investments. She also alleges that the risks of investing in and concentration in pr investments were misrepresented.

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