{"id":2898,"date":"2015-10-13T00:00:00","date_gmt":"2015-10-13T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/ubs-ordered-to-pay-33-5m-in-puerto-rico-bond-settlement\/"},"modified":"2018-10-08T12:40:48","modified_gmt":"2018-10-08T16:40:48","slug":"ubs-ordered-to-pay-33-5m-in-puerto-rico-bond-settlement","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/ubs-ordered-to-pay-33-5m-in-puerto-rico-bond-settlement\/","title":{"rendered":"UBS Ordered to Pay $33.5M in Puerto Rico Bond Settlement"},"content":{"rendered":"<\/p>\n

\"UBS<\/p>\n

SEC and FINRA allegations include supervisory failures<\/h2>\n

Both the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority have handed a UBS affiliate in Puerto Rico orders to pay a settlement in the amount of $33.5 million, according to Law360.com<\/a>. The charges against the bank include failure to supervise a representative who allegedly manipulated investors in order to used borrowed money to buy up closed-ended bond funds. Silver Law Group currently represents hundreds of families in Puerto Rico for their losses in UBS bond funds.<\/p>\n

The SEC has recently sued Jose G. Ramirez Jr., based on allegations that he tricked a handful of investors into using lines of credit to purchase up to $50 million worth of closed-end mutual funds. These funds plummeted when Puerto Rico\u2019s bond market dropped in 2013.<\/p>\n

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

SEC and FINRA allegations include supervisory failures Both the Securities Exchange Commission (SEC) and the Financial Industry Regulatory Authority have handed a UBS affiliate in Puerto Rico orders to pay a settlement in the amount of $33.5 million, according to Law360.com. The charges against the bank include failure to supervise a representative who allegedly manipulated […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[607],"tags":[455],"class_list":["post-2898","post","type-post","status-publish","format-standard","hentry","category-failure-to-supervise","tag-puerto-rico-bond-settlement"],"yoast_head":"\nUBS Ordered to Pay $33.5M in Puerto Rico Bond Settlement — Securities Arbitration Lawyers Blog — October 13, 2015<\/title>\n<meta name=\"description\" content=\"Check out the new article on UBS Ordered to Pay $33.5M in Puerto Rico Bond Settlement on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/ubs-ordered-to-pay-33-5m-in-puerto-rico-bond-settlement\/\" 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