Ramon Almonte is a Puerto Rico based securities broker. He has worked in the securities industry for thirty-seven years. During his career, he has been registered with two different securities firms. They are Kidder, Peabody & Co. (1981-1987) and UBS Financial Services (1987-Present).
Ramon Almonte’s publicly available FINRA BrokerCheck report shows that he has received over two hundred customer complaints over the course of his career.
Most of these complaints were regarding alleged unsuitable investment recommendations and misrepresentation concerning Puerto Rico municipal bonds and closed-end funds. These securities have been appealing to brokers because they pay higher yields, however, these bonds may also carry substantially more risk than other state municipal bonds. Many brokers failed to disclose the additional risks with these Puerto Rico bonds or with Puerto Rican bonds funds when soliciting investors.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Ramon Almonte, please contact Oakes & Fosher for a free and private consultation.