Having already paid over $280 million in settlements for their disaster in Puerto Rico, UBS has just been slammed by another FINRA arbitration panel, and have been ordered to pay an investor $1.4 million which included $249,000 in attorney's fees.
Puerto Rico bonds were sold to investors in Puerto Rico and in the States as safe and low-risk, tax free, investments. However, with poor economic conditions in Puerto Rico, the bonds were actually near junk levels.
While UBS is thought to be the largest broker-dealer promoting these bonds, other bond funds contain these bonds and may be the cause of significant losses for investors.
If you lost money in Puerto Rico bonds, or in your stock or bond portfolio, those losses may be recoverable. Call 212-509-6544 to speak to an experienced securities attorney at Sallah Astarita & Cox, LLC to discuss your claims and potential recovery on a contingency basis.
Puerto Rico bonds were sold to investors in Puerto Rico and in the States as safe and low-risk, tax free, investments. However, with poor economic conditions in Puerto Rico, the bonds were actually near junk levels.
While UBS is thought to be the largest broker-dealer promoting these bonds, other bond funds contain these bonds and may be the cause of significant losses for investors.
If you lost money in Puerto Rico bonds, or in your stock or bond portfolio, those losses may be recoverable. Call 212-509-6544 to speak to an experienced securities attorney at Sallah Astarita & Cox, LLC to discuss your claims and potential recovery on a contingency basis.
