The White Law Group

UBS Puerto Rico fiduciary duty
Tag Archive

• UBS Loses Again on Puerto Rican Bonds

  November 30, 2016 Comments (0) Blog, Current Investigations

  UBS Loses Again on Puerto Rican Bonds UBS was dealt another blow from its sale of Puerto Rican bonds and closed-end funds by FINRA, who ordered the firm to pay over $700,000 to two elderly clients. As we’ve told you, UBS has been under fire in a number of FINRA arbitration cases from clients claiming …

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• FINRA Awards UBS Client $2.9 Million

  September 2, 2015 Comments (0) Blog, Securities Fraud

  UBS ordered to pay $2.9 million in another FINRA arbitration claim. The financial Industry Regulator authority (FINRA) awarded Ana Teresa Lopes-Gonzales and Andres Ricardo Gomez $2.4 million in damages and about $480,000 for attorneys fees. According to Investment News, Gonzales and Gomez were part of a $10 million

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• UBS Puerto Rico Ordered to Pay Investor $1 Million

  May 22, 2015 Comments (0) Blog, Securities Fraud

  According to Investment News, a FINRA arbitration panel awarded $1 million to an investor whose portfolio was over-concentrated in UBS Puerto Rico closed-end bond funds. The 66 year-old conservative investor reportedly “lost $737,000 of his nearly $1 million portfolio when the value of UBS’ Puerto Rico

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• Investors Sue UBS Puerto Rico

  January 2, 2015 Comments (0) Blog, Securities Fraud

  According to InvestmentNews, the beneficiaries of a trust are suing UBS for $4.5 million. The lawsuit alleges that UBS “acted against Ms. Carmona’s interests to keep the trust invested in closed-end funds, for which it earned management fees, underwriting fees, interest and commissions, according to the

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• Troubling News for UBS Puerto Rico Fund Investors

  June 23, 2014 Comments (0) Blog, Securities Fraud

  According Bloomberg, “U.S. authorities in Puerto Rico are investigating allegations that a former UBS AG broker improperly advised clients to borrow money to make investments .” The broker was put on leave in October while UBS examined the loans. Following the review, the broker was terminated. Countless

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• $5 Million Class Action Against UBS Puerto Rico According to Investment

  May 8, 2014 Comments (0) Blog, Securities Fraud

  News, another class action lawsuit was filed against UBS regarding the sale of Puerto Rico bond funds. However this is one of the first class actions to claim that UBS Ag’s wealth management group violated its fiduciary duty when selling proprietary products included in the UBS Puerto Rico Family of Funds. The

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