UBS Puerto Rico Responsible for Hundreds of Millions of Dollars in Losses
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Have you suffered investment losses in a Puerto Rico Fund investment?
Lawyers with the Securities Law Firm of Shepherd Smith Edwards & Kantas LLP may be able to help you recover your losses against the brokerage firm that sold you the investment.
Several Puerto Rican financial firms recommended that their clients invest huge portions of their accounts, in some cases huge portions of the client’s net worth, into Puerto Rico municipal bonds and UBS proprietary Puerto Rico municipal bond funds. These securities were marketed and sold as low risk investments that would pay the clients high, tax advantaged dividends.
As a direct result of this advice, investors lost hundreds of millions of dollars. In some cases, families had their entire life savings wiped out.
If a broker or brokerage firm recommends an unsuitable investment, investors may maintain a legal claim to recover investment losses under FINRA dispute resolution.
If you are or were a customer of UBS in Puerto Rico or another Puerto Rican financial firm within the last six years, contact the law firm of Shepherd, Smith, Edwards & Kantas LLP for a free case evaluation. Our team of experienced brokers and lawyers will evaluate your account free of charge. All communications will be kept strictly confidential, and you will not be billed in any way for a consultation.