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November 30, 2016
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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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September 2, 2015
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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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May 22, 2015
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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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January 2, 2015
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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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