The allegations read: Arbitration:claimant alleges that beginning in july 2005, fa made unsuitable investments in puerto rico bonds. Claimant also alleges that the fa misrepresented facts regarding a life policy.
complaint: wells fargo advisors: attorney for client alleges fa recommended the unsuitable purchase of a whole life policy, puerto rico bonds and two variable annuities. (7/6/2010-9/19/2018) **msdw: customer alleged that life insurance policy was guaranteed to generate adequate returns to cover premium costs after 10 years. Customer also alleged that puerto rico bonds purchased were unsuitable. Customer also alleged that annuities purchased were misrepresented and unsuitable.
