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FINRA Broker Allegations

Allegations against: Ernest Julius Romer

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: The customer's statement of claim alleges that in june and july of 2001, the rr recommended the purchase of variable annuities. Claimant alleges that the sub-account allocation recommended by the rr was not suitable given claimant's circumstances and investment objectives and that rr failed to disclose the risks of the investment.

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