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UBS Broker, Ramon Almonte, Has 85 Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who havRamon Almontee complaints regarding Puerto Rico-based UBS broker Ramon Almonte, also known as Cholo Almonte, Ramon Almonte Font, and Ramon Manuel Almonte Font (CRD# 1014799).

Ramon Almonte has spent 34 years in the securities industry and has been registered with UBS Financial Services in San Juan, Puerto Rico since 1987. He was previously registered with Kidder Peabody & Company (1981-1987). According to his BrokerCheck report, Ramon Almonte is the subject of 85 settled, dismissed, denied, withdrawn, or pending customer complaints.

  • In 2014 a customer alleged Ramon Almonte, while employed at UBS Financial Services, misrepresented and recommended unsuitable investments, over-concentrated the account, committed fraud, acted negligently, and breached his fiduciary duty. The complaint resulted in an award to the customer of $662,190.
  • In 2015 a customer alleged Mr. Almonte, while employed at UBS Financial Services, misrepresented and recommended unsuitable municipal bonds and closed end funds. The customer is seeking $1,113,000 in damages in the pending complaint.
  • In 2015 a customer alleged Ramon Almonte, while employed at UBS Financial Services, misrepresented and recommended unsuitable investments since 2008. The customer is seeking $1,500,000 in damages in the pending complaint.
  • In 2015 a customer alleged Ramon Almonte, while employed at UBS Financial Services, misrepresented material facts related to an investment and made unsuitable recommendations. The customer is seeking more than $7,963,300 in damages in the pending complaint.
  • In 2015 a customer alleged Mr. Almonte, while employed at UBS Financial Services, recommended unsuitable securities. The customer is seeking $2,132,626 in damages in the pending complaint.
  • In 2015 a customer alleged Almonte, while employed at UBS Financial Services, misrepresented and recommended unsuitable closed-end funds and municipal bonds. The customer is seeking more than $2,361,900 in damages in the pending complaint.
  • In 2015 a customer alleged Mr. Almonte, while employed at UBS Financial Services, made unsuitable recommendations and over-concentrated the account. The customer is seeking more than $4,175,500 in damages in the pending complaint.
  • In 2014 a customer alleged Ramon Almonte, while employed at UBS Financial Services, misrepresented and recommended unsuitable closed end funds. The complaint settled in 2015 for $75,000.
  • In 2014 a customer alleged Mr. Almonte, while employed at UBS Financial Services, misrepresented material facts, over-concentrated the account, and recommended unsuitable securities. The complaint settled in 2015 for $375,000.

If you or someone you know has lost money investing with Ramon Almonte, also known as Cholo Almonte, Ramon Almonte Font, and Ramon Manuel Almonte Font, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: you will only pay Fitapelli Kurta if and when you collect money. Time to file your claim may be limited, so we encourgae you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.