Have you suffered losses investing in University PR UNIV REVS BND Series P RFDG 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, 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 University PR UNIV REVS BND Series P RFDG 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 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, investment experience, net worth, investment objectives, and income. Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
If you suffered losses in University PR UNIV REVS BND Series P RFDG 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.