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FINRA Broker Allegations

Allegations against: Ismael Eradio Reyes Retana

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Plaintiffs allege that, following the death of their grandmother in june 2020, representative misappropriated funds that plaintiffs were entitled to as beneficiaries on an annuity purchased by their grandmother in 2007. Plaintiffs further allege that in 2007 the representative made misrepresentations to their grandmother that the annuity was safe and would generate 50% annual returns.

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