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Wells Fargo Brokerage Customers Who Suffered Losses In Puerto Rican Bonds

March 10, 2017 Active Cases & Investigations

We have filed several FINRA arbitrations on behalf of Wells Fargo brokerage account customers to recover losses suffered in Puerto Rican bonds. These customers were elderly or retired with conservative and low risk investment objectives who sought to preserve principal while earning income.

During 2011 through 2014, these brokerage customers were sold Puerto Rican bonds by their Wells Fargo financial advisor who assured them at the time that these bonds were highly-rated and safe. In truth, Puerto Rico has been in recession since 2006, and had a deteriorating economy. Puerto Rican bonds had enormous credit risk which only grew worse, and which were downgraded numerous times. Wells Fargo financial advisors failed to warn these customers or get them out of Puerto Rican bonds before they became high risk and unsuitable investments.

If you are or were a Wells Fargo brokerage customer who has a loss in Puerto Rican bonds, you may wish to contact us about your right to bring a FINRA arbitration to recover your losses. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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