The allegations read: Time frame: october 2012 - present
allegations: claimants allege that they were damaged as a result of recommendations to purchase and hold various unsuitable puerto rico municipal bonds and closed-end puerto rico bond funds. Claimants allege that respondent, through the financial advisor who handled their accounts, failed to recommend that they diversify their over-concentrated positions in the puerto rico securities, but instead made recommendations to hold the securities. Furthermore, they allege that respondent misrepresented the risk factors associated with their investments.
