Representing Clients From All Over the World

Puerto Rico Bond Fund Loss Frequently Asked Questions

Is my lawsuit being filed with a particular court?

No. The claims our firm is handling on behalf of investors in Puerto Rico bonds and bond funds are not being filed in state or federal court, but rather with the arbitration department of the Financial Industry Regulatory Authority, also known as FINRA. FINRA is a self regulatory organization which governs the securities industry in the United States and Puerto Rico. Full service brokerage firms such as UBS Financial Services of Puerto Rico, Santander Securities and Merrill Lynch are members of FINRA and therefore subject to its jurisdiction.

I live in Puerto Rico. Can Klayman & Toskes still represent me?

Yes, our firm has among its members and team a licensed attorney in the jurisdiction of the Commonwealth of Puerto Rico, as well as the local counsel of Osvaldo Carlo Linares, Esq. of the law firm of Carlo Law Offices, P.S.C. based in San Juan, Puerto Rico.

How does arbitration differ from traditional court litigation?

Arbitration is an expeditious, fair and relatively inexpensive method of dispute resolution. Interrogatories are not allowed, and the use of depositions is extremely limited. In court, litigation can drag on for 4 or 5 years, even before reaching the appellate level. Arbitration typically concludes within 2 years, and the rights of appeal are virtually non-existent.

How does Klayman & Toskes get compensated?

Our law firm represents clients on a contingent basis. In other words, if we do not recover money for you, we don’t get paid.

If you have any additional questions, please contact us at (787) 268-6444.

Visit our Website for the Recovery of UBS Puerto Rico Bond Fund Losses

Get in touch with us


For more information on how to start a claim, or to find out if you have a meritorious cause of action, please contact our law firm, toll free, at (787) 268-6444, for a free consultation.

Peninsula Plaza
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)

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Newport Beach, California 92660

Phone: (949) 721-9956
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American Airlines Building
1509 Lopez Landron St. -PH
San Juan, PR 00911
Phone: (787) 268-6444
(by appointment only)