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FINRA Broker Allegations

Allegations against: Amado Hernandez

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Time frame: 2008-present allegations: claimants allege the recommendation to invest in and hold one puerto rico closed-end fund was unsuitable, and that their accounts were unsuitably over concentrated in puerto rico investments. They also allege that the risk of investing in and concentration in puerto rico investments was misrepresented.

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