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Puerto Rico this month started to miss bond payments. That means a legal fight between the government and the large institutions that own its bonds is about to begin. This legal battle is on top of the hundreds of individual investors in UBS/Puerto Rico bond funds that have already sought […]
The next 24 hours are dire for investors in Puerto Rico bonds. That’s because one of the island Commonwealth’s major debt issuers is about to default on a $58 million bond payment that is due Saturday, August 1. In an article from Thursday afternoon titled, “Puerto Rico Risking Point of […]
Puerto Rico’s $72 billion debt crisis is changing day by day, but looming over investors in the island Commonwealth’s beaten down bonds, is the potential for default. Last week, Puerto Rico missed a payment to one of its trustees after the legislature failed to appropriate the required funds, according to […]
As we prepare for the Fourth of July holiday, all eyes are on Greece and Puerto Rico. While the situation in Greece is still changing hour to hour, it appears that Greece could still default on its debt which could in turn cause a ripple effect of “contagion” to other […]
The Puerto Rican economy is akin to a drowning man swimming against the tide with no lifeguard in sight. Puerto Rico government bonds continue to be downgraded by the rating agencies. The bonds of its electric utility, PREPA, are rated by Moody’s as “the lowest category possible,” according to a […]
Mom and Pop retail investors who have been holding municipal and corporate bonds are about to get whacked. All signs point to significant declines in bond values. Look out for increased volatility and limited liquidity. Retail investors beware. The junk bond market this week took a hit. “Investors pulled $2.56 […]
The Puerto Rico economy keeps spiraling downward. With fears of bond defaults and/or restructurings and bondholders fighting each other for priority of payments, it’s like watching an ancient Greek tragedy unfold with the knowledge that a king or a queen, at the play’s end, will wind up with a knife […]
For investors who suffer stock market losses as a result of improper conduct by their brokers, the Financial Industry Regulatory Authority (FINRA) arbitration process provides a relatively efficient method for seeking financial compensation. FINRA is an independent non-profit organization that Congress has tasked with regulating the U.S. securities industry. Its […]
As one might expect, there are numerous laws and regulations that apply to the sale of stocks and other investment opportunities. While most of these laws are intended – in one way or another – to protect the interests of individual investors, understanding them and the ways they interact to […]
Are stockbrokers fiduciaries who put their clients’ best interests first, or are they simply salesmen, like peddlers of used cars or vacuum cleaners? It may come as a surprise, but they are salesmen that work on commission, same as the guy flogging vacuums door to door. A registered investment adviser, […]