Update on Securities Fraud Investigation Involving UBS’s Family of Puerto Rico Funds

Monday, October 14th, 2013

According to various reports, certain of UBS’s family of Puerto Rico funds have suffered catastrophic losses.  The White Law Group continues to investigate potential claims involving UBS’s Family of Puerto Rico Funds and the liability that various entities may have for these losses.  The claims the firm is investigating include potential claims for fraud, breach of fiduciary duty, negligence, and negligent supervision.

Broker-dealers have a fiduciary duty to perform adequate due diligence on any investment prior to recommending them for sale to their clients and to ensure that the investments it recommends are appropriate for the client in light of the clients age, investment experience, net worth, and investment objectives.  To the extent that a broker or brokerage firm recommended a UBS Puerto Rico Fund inappropriately, they may be help responsible in a FINRA arbitration claim.

The UBS Puerto Rico Funds that the firm is investigating include, but are not limited to:

UBS Puerto Rico Fixed Income Fund I, Inc.

UBS Puerto Rico Fixed Income Fund II, Inc.

UBS Puerto Rico Fixed Income Fund III, Inc.

UBS Puerto Rico Fixed Income Fund IV, Inc.

UBS Puerto Rico Fixed Income Fund V, Inc.

UBS Puerto Rico Fixed Income Fund VI, Inc.

UBS Puerto Rico Investors Tax-Free Fund, Inc.

UBS Puerto Rico Investors Tax-Free Fund II, Inc.

UBS Puerto Rico Investors Tax-Free Fund III, Inc.

UBS Puerto Rico Investors Tax-Free Fund IV, Inc.

UBS Puerto Rico Investors Tax-Free Fund V, Inc.

UBS Puerto Rico Investors Tax-Free Fund VI, Inc.

UBS Puerto Rico AAA Portfolio Bond Fund, Inc.

UBS Puerto Rico AAA Portfolio Bond Fund II, Inc.

UBS Puerto Rico AAA Portfolio Target Maturity Fund, Inc.

UBS Puerto Rico Tax-Free Target Maturity Fund I, Inc.

UBS Puerto Rico Tax-Free Target Maturity Fund II, Inc.

UBS Tax Free Puerto Rico Fund, Inc.

UBS Tax Free Puerto Rico Fund II, Inc.

UBS Puerto Rico Mortgage-Backed & Government Securities Fund, Inc.

UBS Puerto Rico GNMA & US Government, Inc.
For more information on The White Law Group’s investigation in to UBS’s Puerto Rico Closed-end funds, please contact the firm’s Boca Raton, Florida office at 561-807-6804.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Boca Raton, Florida and Chicago, Illinois.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.  For more information on the firm’s UBS Puerto Rico Funds investigation visit http://www.whitesecuritieslaw.com/2013/10/14/helpful-information-for-ubs-puerto-rico-fund-investors/.

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