Silver Law Group Files Securities Arbitration Claims Against UBS Puerto Rico for Investment Losses in UBS Closed-End Bond Funds
Boca Raton, Florida, May 21, 2015 (GLOBE NEWSWIRE) – 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 of the Silver Law Group for a free consultation at firstname.lastname@example.org 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.