Recover Puerto Rico Bond Fund Losses
Puerto Rico Bond Fund Losses
Continue Without Investment Recovery
Investors Should Consider Dispute Resolution Through FINRA Arbitration
Our law firms are pursuing securities arbitration claims in the arbitration forum established by the Financial Industry Regulatory Authority (“FINRA”) to recover investor losses sustained in non-traded, closed-end Puerto Rico bond funds and Puerto Rico municipal bonds, underwritten and sold through syndication and selling agreements through various brokerage firms, including UBS Financial Services of Puerto Rico, Santander Securities, Popular Securities, Oriental Financial and Merrill Lynch (“brokerage firms”). The brokerage firms of FINRA are required to resolve all customer disputes through the securities arbitration process. FINRA is charged with the responsibility to resolve disputes between Puerto Rico investors and the brokerage firms concerning the sale of non-traded, closed-end Puerto Rico Bond Funds and Puerto Rico Municipal Bonds. Klayman & Toskes, P.A. has joined efforts with Osvaldo Carlo Linares, Esq. of the law firm of Carlo Law Offices, P.S.C. (“law firms”) based in San Juan, Puerto Rico, to represent investor with claims for violations of FINRA sales practice rules and regulations by brokerage firms.
Our law firms assert claims on behalf of Puerto Rico investors alleging that brokerage firms failed to comply with FINRA sales practice rules and regulations concerning investments in non-traded, closed-end Puerto Rico Bond Funds and Puerto Rico Municipal Bonds. Puerto Rico investors have suffered catastrophic losses in investments that were recommended as suitable for investors with investment objectives of current income, consistent with the preservation of principal. Puerto Rico investor losses in Puerto Rico Bond Funds and Puerto Rico Municipal Bonds have placed their financial lives in peril.
Our investigations which include the review of Offering Documents, Prospectus, sales materials and client presentations related to the sale of non-traded, closed-end Puerto Rico Bond Funds, has led our legal team to conclude that brokerage firms failed to provide a fair and balanced explanation of the catastrophic risks of their recommendations. Many Puerto Rico investors were advised by brokerage firms and its financial advisors to invest the majority of their financial assets into Puerto Rico Bond Funds and Puerto Rico Municipal Bonds. We also represent Puerto Rico investors who were recommended by brokerage firms and its financial advisors to utilize bank loans and account margin credit for investments in non-traded, closed-end Puerto Rico Bond Funds and Puerto Rico Municipal Bonds which resulted in greater losses.
Klayman & Toskes, P.A. and the Carlo Law Offices represent the rights of Puerto Rico investors with losses in Puerto Rico Bond Funds and Puerto Rico Municipal Bonds through participation in the FINRA arbitration process. In representing Puerto Rico investors, the claims filed against brokerage firms and its financial advisors are based on the recommended investment in non-traded, closed-end Puerto Rico Bond Funds and Puerto Rico Municipal Bonds, as stable and safe investments that were suitable our clients. According to FINRA, unsuitable investment advice, concentration in Puerto Rico bonds, failure to supervise the activities of financial advisors, and misrepresentations and omissions of material facts that was the result of conflicts of interest are among the claims that are available to investors to recover their losses in a FINRA arbitration claim against brokerage firms and its financial advisors.
Klayman & Toskes, P.A. and the Carlo Law Offices are dedicated to the rights of Puerto Rico investors. Our legal team can help you determine what steps can be taken to protect your investor rights. Puerto Rico investors who suffered losses as a result of FINRA sales practice violations committed by UBS Puerto Rico and its financial advisors may be able recover their losses in a FINRA arbitration claim for damages.
2424 N. Federal Highway, Suite 450
Boca Raton, Florida 33431
Phone: (561) 997 – 9956
Chanin Building at Grand Central Terminal
380 Lexington Avenue, 17th Floor
New York, New York 10168
Phone: (212) 269 – 9956
(by appointment only)
4675 MacArthur Court, Suite 550
Newport Beach, California 92660
Phone: (949) 721-9956
(by appointment only)
American Airlines Building
1509 Lopez Landron St. -PH
San Juan, PR 00911
Phone: (787) 268-6444
(by appointment only)