{"id":2893,"date":"2015-10-18T00:00:00","date_gmt":"2015-10-18T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/ubs-to-pay-finra-claimants-3m-in-puerto-rico-muni-bond-case\/"},"modified":"2018-10-08T12:40:42","modified_gmt":"2018-10-08T16:40:42","slug":"ubs-to-pay-finra-claimants-3m-in-puerto-rico-muni-bond-case","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/ubs-to-pay-finra-claimants-3m-in-puerto-rico-muni-bond-case\/","title":{"rendered":"UBS to Pay FINRA Claimants $3M in Puerto Rico Muni Bond Case"},"content":{"rendered":"<\/p>\n

\"UBS<\/a><\/p>\n

FINRA arbitration panel finds bank liable in alleged fraud claim<\/h2>\n

As Puerto Rico\u2019s financial struggles continue, a FINRA arbitration panel awarded three claimants $3M in an alleged fraud claim against UBS Financial Services in early September.<\/p>\n

According to Law360.com<\/a>, the claimants alleged that the bank committed fraud relating to closed-end funds and muni bonds, and how the bank used those investments as collateral to borrow funds through lines of credit. Included in the complaint were allegations of breach of fiduciary duty, negligence and breach of contract against UBS.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA arbitration panel finds bank liable in alleged fraud claim As Puerto Rico\u2019s financial struggles continue, a FINRA arbitration panel awarded three claimants $3M in an alleged fraud claim against UBS Financial Services in early September. According to Law360.com, the claimants alleged that the bank committed fraud relating to closed-end funds and muni bonds, and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588],"tags":[131],"class_list":["post-2893","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","tag-finra-arbitration-2"],"yoast_head":"\nUBS to Pay FINRA Claimants $3M in Puerto Rico Muni Bond Case — Securities Arbitration Lawyers Blog — October 18, 2015<\/title>\n<meta name=\"description\" content=\"FINRA arbitration panel finds bank liable in alleged fraud claim. 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