FINRA awards UBS Puerto Rico Municipal Bonds customers close to $800,000

Have you have suffered losses investing in Puerto Rico Municipal Bonds? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.

According to Investment News, a FINRA all-public arbitration panel has awarded claimants $793,077.61 in a case involving the sale of Puerto Rico municipal bonds by UBS.

UBS and its affiliated firm, UBS Financial Services Inc. of Puerto Rico, have already paid millions of dollars due to client losses in Puerto Rico proprietary closed-end bond funds filled with Puerto Rico municipal securities issued by various authorities and agencies. Last year, they lost the largest claim to date for $18.6 million.

Madeleine Carrero, individually and as trustee of Fideicomiso Ulises Barros and Ulises Barros Carrero, charged UBS Financial Services and UBS Financial Services of Puerto Rico with several violations. Allegations  include misrepresentation, negligence, breach of contract, breach of fiduciary duty, unsuitability and unauthorized trading.

The causes of action related to claimants’ investments in tax-free government bonds issued by various Puerto Rico government agencies.

The award notice was published by the Financial Industry Regulatory Authority’s Office of Dispute Resolution.

UBS Financial Services Incorporated of Puerto Rico is a financial services firm that offers underwriting services. The firm is based in San Juan, Puerto Rico. UBS Financial Services Incorporated of Puerto Rico operates as a subsidiary of UBS Financial Services Inc.

Securities Investigation

The White Law Group continues to investigate potential claims involving UBS Puerto Rico Municipal Bonds.

If you have questions about investments you made with UBS Financial Services, the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 888-637-5510.

This information, which is publicly available on FINRA’s website has been provided by The White Law Group.

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.

For more information on The White Law Group, and its representation of investors, please visit our website at https://whitesecuritieslaw.com.