Silver Law Group Files Securities Arbitration Claims Against UBS Puerto Rico for Investment Losses in UBS Closed-End Bond Fun...
22 May 2015 - 7:07AM
Silver Law Group (www.silverlaw.com) represents many investors in
arbitrations against UBS Financial Services, Inc. and UBS Financial
Services, Inc. of Puerto Rico (“UBS”) involving the sale of UBS
Puerto Rico closed-end bond funds (the “Bond Funds”). UBS is
now the subject of several hundred FINRA arbitration claims for
losses in the Bond Funds. FINRA CRD records reflect UBS has
settled many cases and, at least two FINRA arbitration Panels have
awarded an investor damages for losses in the Funds. In a
recent case, the securities arbitrators highlighted UBS pressure on
advisors to sell the fund and described how one manager continued
to promote the UBS funds even after they lost significant value by
claiming “even a skinny cow gives milk.”
Silver Law Group is representing investors in
securities arbitration claims against UBS, Merrill Lynch and other
brokerage firms with offices in Puerto Rico. Many elderly and
conservative people lost substantial portions of their portfolios
when the Bond Funds collapsed in value causing many to lose
retirement funds and other damages. According to the
Prospectus and Offering documents for the Bond Funds, UBS and its
financial advisors characterized the Bond Funds’ investment
objective as current income consistent with the preservation of
capital. UBS and its financial advisors recommended that
Puerto Rican residents maintain concentrated positions in their
family of proprietary Bond Funds.
Silver Law Group is helping many investors try
to recover their losses and we are working closely with many Puerto
Rico based lawyers and accountants with clients who have suffered
losses but do not understand the FINRA arbitration process.
If you have questions about your legal rights, or have been the
victim of investment fraud, please contact Scott Silver or Adolfo
Anzola of the Silver Law Group for a free consultation at
ssilver@silverlaw.com or Toll Free at (800) 975-4345. Our lawyers
speak English and Spanish. Silver Law Group represents
institutional and retail investors in claims for securities and
investment fraud. We maintain a website,
www.ubsbondfundlosses.com, to provide investors with additional
information specific to investors in Puerto Rico bond funds.
For more information on recovering investment
losses on a contingency fee basis, please visit
www.silverlaw.com.
Contact:
Scott L. Silver, Esq.
Silver Law Group
11780 W. Sample Road
Coral Springs, Florida 33065
Toll Free: (800) 975-4345
ssilver@silverlaw.com