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FINRA Broker Allegations

Allegations against: Malcolm Chester Reader

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Alleged misrepresentation, breach of fiduciary duty and negligence in connection with certain municipal bond transactions executed for his account. Claimant demanded judgement for compensatory damages in the amount of $40,383.08 plus interest, reasonable attorney fees and proceedings costs.

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