Potomac Analytics' Logo

FINRA Broker Allegations

Allegations against: Ramon Manuel Almonte

Allegation type: Customer Dispute

Allegation status: Closed-No Action

The allegations read: Time frame: 2010-2013 allegations: claimant alleges that ubs recommended that he invest proceeds from a gnma redemption in 2 puerto rico bonds (employees retirement system and public buildings) and represented that these bonds were guaranteed by the u.s. Government and consistent with his allegedly conservative profile. After experiencing losses in the pr bonds he found out that ubs had conflicts of interest when it recommended these bonds.

Back