Have you suffered losses investing in Puerto Rico COMWLTH PUB IMPT RFDG Bonds Series 2012 A G/O bonds? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
With the Puerto Rican economy continuing to slump, many of Puerto Rico’s bonds have slipped into “junk” territory and some may eventually default. Most of these bonds have already suffered significant losses, including the Puerto Rico COMWLTH PUB IMPT RFDG Bonds Series 2012 A G/O bond.
The various rating agencies (Moody’s, S&P, etc.) all downgraded Puerto Rico bond offerings years ago indicating an increased risk of default and contradicting any suggestions that may have been made by financial advisors that these are safe investments.
The White Law Group is investigating the liability brokerage firms may have for recommending Puerto Rico bonds, and specifically the Puerto Rico COMWLTH PUB IMPT B DS 2007A GO bond. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, income, net worth, investment experience, and stated objective. Firms that fail to perform adequate due diligence or that make recommendations that are unsuitable can be held responsible for investment losses.
If you suffered losses in Puerto Rico COMWLTH PUB IMPT RFDG Bonds Series 2012 A G/O and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit http://www.whitesecuritieslaw.com.