{"id":3095,"date":"2014-03-28T00:00:00","date_gmt":"2014-03-28T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims\/"},"modified":"2014-03-28T00:00:00","modified_gmt":"2014-03-28T04:00:00","slug":"silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims\/","title":{"rendered":"Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims"},"content":{"rendered":"<\/p>\n<p>In February 2014, <a title=\"Bond Buyer article\" href=\"http:\/\/www.bondbuyer.com\/issues\/123_30\/ubs-puerto-rico-faces-surge-in-arbitration-claims-1059809-1.html\"  target=\"_blank\">Bond Buyer<\/a> magazine featured a story about Silver Law Group\u2019s representation of many Puerto Rico investors in FINRA arbitration claims against <a title=\"www.ubsbondfundlosses.com\" href=\"http:\/\/www.ubsbondfundlosses.com\"  target=\"_blank\">UBS of Puerto Rico<\/a> for losses in leveraged <a title=\"www.ubsbondfundlosses.com\" href=\"http:\/\/www.ubsbondfundlosses.com\"  target=\"_blank\">bond funds<\/a>. \u00a0The article concluded by highlighting Silver Law Group Managing Partner Scott Silver\u2019s concerns that FINRA was not equipped to handle the large number of claims which could easily be anticipated against UBS for selling this complex <a title=\"alternative investments\" href=\"https:\/\/www.silverlaw.com\/securities-arbitration\/alternative-investments\/\"  target=\"_blank\">alternative investment<\/a> which lost more than 60 percent of its value last fall.<\/p>\n<p>Last week, FINRA finally took public action to address the issue by recognizing the <span style=\"text-decoration: underline;\">problem<\/span> and temporarily halting all claims against <a title=\"www.ubsbondfundlosses.com\" href=\"http:\/\/www.ubsbondfundlosses.com\"  target=\"_blank\">UBS Puerto Rico<\/a> while FINRA creates a protocol to administer the cases.\u00a0 Silver Law Group urges FINRA to quickly address these issues and avoid unnecessary delay.<\/p>\n<p>FINRA and the securities industry force investors to arbitrate all disputes with a broker-dealer through an arbitration clause in the customer agreement.\u00a0 However, FINRA arbitration is promoted as a fast, inexpensive process for deciding disputes.\u00a0 Many investors are now frustrated by a system which cannot administratively manage their claims.\u00a0 Investors have suggested, amongst other solutions:<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims\/\"  title=\"Continue Reading Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In February 2014, Bond Buyer magazine featured a story about Silver Law Group\u2019s representation of many Puerto Rico investors in FINRA arbitration claims against UBS of Puerto Rico for losses in leveraged bond funds. \u00a0The article concluded by highlighting Silver Law Group Managing Partner Scott Silver\u2019s concerns that FINRA was not equipped to handle the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[598,588,615],"tags":[448,131,290,553,558],"class_list":["post-3095","post","type-post","status-publish","format-standard","hentry","category-alternate-investments","category-finra-arbitration","category-ubs-puerto-rico-bond-funds","tag-alternative-investments","tag-finra-arbitration-2","tag-securities-arbitration","tag-ubs-closed-end-bond-funds","tag-ubs-puerto-rico-bond-funds-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims &#8212; Securities Arbitration Lawyers Blog &#8212; March 28, 2014<\/title>\n<meta name=\"description\" content=\"In February 2014, Bond Buyer magazine featured a story about Silver Law Group\u2019s representation of many Puerto Rico investors in FINRA arbitration claims &#8212; March 28, 2014\" \/>\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\/silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims &#8212; Securities Arbitration Lawyers Blog &#8212; March 28, 2014\" \/>\n<meta name=\"twitter:description\" content=\"In February 2014, Bond Buyer magazine featured a story about Silver Law Group\u2019s representation of many Puerto Rico investors in FINRA arbitration claims &#8212; March 28, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims &#8212; Securities Arbitration Lawyers Blog &#8212; March 28, 2014","description":"In February 2014, Bond Buyer magazine featured a story about Silver Law Group\u2019s representation of many Puerto Rico investors in FINRA arbitration claims &#8212; March 28, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-urges-finra-to-lift-the-stay-of-all-puerto-rico-arbitration-claims\/","twitter_card":"summary_large_image","twitter_title":"Silver Law Group Urges FINRA to Lift the Stay of all Puerto Rico Arbitration Claims &#8212; 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