Have you suffered losses investing in Puerto Rico Sales Tax FING COR Sales Tax REV BDS First Subordinate Series 2011A-1 bonds? Did your financial advisor misrepresent the risk of the bond to you? 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 or financial advisor that recommended the investment.
With the Puerto Rican economy continuing to teeter on the brink, 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 Sales Tax FING COR Sales Tax REV BDS First Subordinate Series 2011A-1 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 bonds, including the Puerto Rico COMWLTH PUB IMPT B DS 2007A GO bond. Brokerage firms are required make suitable recommendations. Suitability is based on the 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.
If you suffered losses in Puerto Rico Sales Tax FING COR Sales Tax REV BDS First Subordinate Series 2011A-1 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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit https://www.whitesecuritieslaw.com.