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FINRA Broker Allegations

Allegations against: Karl Zimmerman

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: The decision to offer 3.75% on the line of credit instead of 3.25% violated reg bi and advice within investment strategy that claimant should borrow against the non-purpose loan at 3. 75% rather than sell pledged stock (bgcp) which was paying 6% to buy florida home.

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