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FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: not specified allegations: claimants allege that the recommendation to invest in and hold puerto rico closed-end funds and puerto rico bonds was unsuitable and that the account was over-concentrated in those investments. They further allege 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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