Have you suffered losses with UBS broker Ramon M. Almonte? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim.
The White Law Group continues to investigate the liability that UBS may have for improperly recommending its Puerto Rico closed-end bond funds. UBS Puerto Rico’s proprietary closed-end funds, which were heavily invested in Puerto Rico’s municipal bonds, have suffered devastating losses.
Countless claims have been filed associated with the funds. Many of the claims allege unsuitability, misrepresentations and over concentration in connection to UBS PR’s closed-end funds.
According to Almonte’s BrokerCheck report, he is currently a registered representative of UBS and has been since 1987. His BrokerCheck report also states that more than 70 customer disputes have been filed against him during his career in the securities industry, many of which appear to involve UBS’s Puerto Rico closed end funds.
Brokers that sold UBS closed-end funds had a responsibility to make sure the investment recommendation was suitable for their client. If a broker misrepresents and investment or recommends an investment unsuitably, the broker and his/her employer may be held responsible for those losses in a FINRA arbitration.
If you invested with Ramon Almonte and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. You can visit our website at www.whitesecuritieslaw.com.