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FINRA Broker Allegations

Allegations against: Amado Hernandez

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: 2013 - present allegations: claimants allege the recommendations to invest in and hold puerto rico closed-end funds were unsuitable and that the accounts were over-concentrated in these investments. Claimants also allege that the risk of investing in and concentration in puerto rico investments was misrepresented.

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