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The big boys at UBS are probably popping bottles of bubbly today to celebrate what appears to be a big legal victory for the firm. An administrative law judge for the Securities and Exchange Commission ruled on Tuesday that the SEC failed to prove that two high-ranking UBS Puerto Rico […]
Monthly Archives: October 2013
The federal government is now putting under its microscope mutual fund companies that have invested billions of dollars in Puerto Rican municipal debt, according to several news reports last week. As this blog has noted over the past several weeks, the storm of losses created by Puerto Rican municipal securities […]
Seven years ago, in the wake of a government shutdown caused by a $740 million budget deficit, Puerto Rican officials vowed to fix the island’s finances by 2010. Now investors are calling their bluff. In the $3.7 trillion municipal-bond market, Puerto Rico and its agencies more than doubled their borrowing […]
Zamansky LLC files its first arbitration against UBS Financial Services Inc. of Puerto Rico on behalf of a customer over alleged losses in its closed end funds, including the Puerto Rico Fixed Income Fund, the Puerto Rican Tax Free Fund, the Puerto Rico Bond Investors Fund and other funds. The […]
SAN JUAN, P.R. – The prominent investment fraud firm, led by attorney Jacob H. Zamansky and experienced Puerto Rican investment fraud attorney, Marie Elsie López Adames reached out to hundreds of Puerto Ricans who have suffered millions of dollars in losses by unsuitable investment recommendations and misrepresentation in the sale […]
SAN JUAN, P.R. – La firma de abogados líder en fraude de inversiones, Zamansky LLC, dirigida por el Lcdo. Jacob Zamansky de Nueva York y la Lcda. Marie Elsie López Adames de Puerto Rico, se presentaron hoy frente a cientos de puertorriqueños que han sufrido millones de dólares en pérdidas […]
San Juan – Experienced investment fraud law firm Zamansky, LLC, led by New York attorney Jacob Zamansky and Puerto Rico attorney Marie Elsie López Adames, appeared today in front of hundreds of Puerto Ricans who have suffered millions of dollars in losses due to improper recommendations, misrepresentation and misrepresentations in […]
Desde ayer, la Asociación para la Reglamentación de la Industria Financiera (Finra, por sus siglas en inglés) tiene ante su consideración la reclamación de un segundo inversionista de Puerto Rico, quien alega perdió unos $870,000 como secuela de su inversión en fondos mutuos gestionados por UBS Financial Services of Puerto […]
Over the past few weeks this blog has addressed the storm to hit individual investors who own municipal securities issued by The Commonwealth of Puerto Rico. First it was major securities houses in August and September ordering tens of thousands of brokers to stop selling these Muni Bonds to clients. […]