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FINRA Broker Allegations

Allegations against: Wendell Holmes Trapp

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: Clients allege the financial advisor did not properly explain the municipal bond fund purchased in their account as they believed the fund paid a specific rate of interest and had a yearly maturity date. Clients also allege the financial advisor did not follow their instructions to liquidate the bond fund.

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