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FINRA Broker Allegations

Allegations against: Michael August Pellegrino

Allegation type: Customer Dispute

Allegation status: Closed-No Action

The allegations read: Misrepresentation. [customer] alleged that pellegrino in recommending the purchase of american realty capital trust, inc. Reit and northstar real estate income trust reit misrepresented both investments by stating that these investments were rock solid, very low risk that would generate a monthly income and additional bonus payouts at the end of the term.

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