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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 municipal bonds was unsuitable, and that their accounts were over concentrated in pr investments. They also allege that the risks of investing in and concentration in pr investments were misrepresented.

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