Have you suffered losses investing in Puerto Rico COMWLTH HWY & TRN REV BDS 2007 N 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 languish and currently teetering on the edge, many of Puerto Rico’s bonds have slipped into “junk” territory and some may eventually default. It was recently reported that the government may miss some debt payments soon. As a result of these problems, most of the bonds issued by the Commonwealth have already suffered significant losses, including the Puerto Rico COMWLTH HWY & TRN REV BDS 2007 N bond.
Unfortunately for investors, many financial advisors pushed Puerto Rican debt as a safe way to generate income and focused on how the bonds can be used as a “tax free” method of generating income. While the investments are designed to provide income they are far from safe. The various rating agencies (Moody’s, S&P, etc.) all downgraded Puerto Rico bond offerings years ago indicating an increased risk of default.
The White Law Group is investigating the liability brokerage firms may have for recommending Puerto Rico COMWLTH PUB IMPT B DS 2007A GO. Brokerage firms are required to ensure that all recommendations made are suitable for the investor in light of that particular investor’s age, investment experience, net worth, investment objectives, and income. Firms that fail to make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim. Many bond investors are extremely conservative so any meaningful risk (like junk bonds) is too much risk so a portfolio overconcentrated in Puerto Rican debt may be unsuitable for a lot of bond investors.
If you suffered losses in Puerto Rico COMWLTH HWY & TRN REV BDS 2007 N 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.