The allegations read: Client alleges, among other things, unsuitability, overconcentration, violations of securities laws and rules, fraud, breach of fiduciary duty, breach of good faith and fair dealings, negligence, failure to supervise, breach of contract, and gross and wanton negligence (puerto rico open-end funds and closed-end funds). Includes request for punitive damages, interest, costs and fees, disgorgement of commission and rescission.
