The exams, which are being carried out by the SEC’s Office of Compliance, Inspections and Examinations and its regional offices, are intended to make sure the commission is up to speed on how much of Puerto Rico’s $70 billion of outstanding debt is held by funds in the U.S. and what those funds are telling their shareholders about the risks involved.
Our firm has been reviewing claims for investors regarding losses in bonds issued by Puerto Rico and in particular the sales practices of large broker-dealers, including UBS, who may have inappropriately marketed the funds. For more information on our work, visit our web site, or call us at 212-609-6544
For more information - SEC Probing Funds Holding Puerto Rico Debt
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The attorneys at Sallah Astarita & Cox include veteran securities litigators and former SEC Enforcement Attorneys. We have decades of experience in securities litigation matters, including the defense of enforcement actions. We represent investors, financial professionals and investment firms, nationwide. For more information contact Mark Astarita at 212-509-6544 or at email us
