Category: Puerto Rico Bonds
Erez Law is currently investigating Stifel, Nicolaus & Company, Inc. financial advisor David Holz (CRD# 2488092) regarding losses suffered due to investments in Puerto Rico Bonds. Holz has been registered with Stifel, Nicolaus & Company, Inc. in Boca Raton, Florida … Continue reading
Erez Law is currently investigating former UBS Financial Services Inc. financial advisor Todd Ellentuck (CRD# 1321452) regarding excessive fees and commissions, unauthorized trades in Puerto Rico bonds, overconcentrated investments in MLPs, unsuitable structured products, and losses tied to the high … Continue reading
Erez Law is currently investigating financial advisors across the country employed by brokerage firms such as UBS Financial Services, Morgan Stanley, Merrill Lynch, Wells Fargo, RBC Capital Markets, Santander, Popular Securities and Oriental Financial Services, regarding investment recommendations in Puerto … Continue reading
In April 2017, a former client of Morgan Stanley and RBC Capital Markets LLC won an award in a FINRA arbitration for compensatory damages between $100,000.00 and $499,999.00, plus interest, costs, expenses and disbursements, and other appropriate relief for losses … Continue reading
Erez Law is currently investigating financial advisors across the country regarding investment recommendations in Puerto Rico COFINA bonds. The Puerto Rico Urgent Interest Fund Corporation, which is also known as the Puerto Rico Sales Tax Financing Corporation (or Corporación del … Continue reading
Erez Law is currently investigating Santander Securities, LLC regarding high risk and unsuitable investments in Puerto Rico municipal bonds and closed-end funds (CEFs) invested predominantly in Puerto Rico debt. Approximately 200 cases have been filed against Santander Securities regarding losses … Continue reading
Erez Law is currently investigating former Janney Montgomery Scott LLC financial advisor Randy Lee Bostick (CRD# 2944482) regarding recommending investment portfolios concentrated in unsuitable Puerto Rico bonds. Bostick was registered with Janney Montgomery Scott LLC in Palm Beach Gardens, Florida … Continue reading
Erez Law is currently investigating David Lerner Associates, Inc. financial advisor Robert Spencer Cavanagh (CRD# 1494481) regarding losses to due unsuitable Puerto Rico bonds. Cavanagh has been registered with David Lerner Associates, Inc. in Syosset, New York since 1990. According … Continue reading
In May 2017, Puerto Rico filed for bankruptcy protection from creditors in what is being described as the largest municipal bankruptcy filing in history. Court protection from litigation as part of the debt-relief law (Title III) passed by Congress in … Continue reading
In April 2017, Government Development Bank (GDB) for Puerto Rico decided to liquidate and proposed a fiscal plan that calls for winding down its operations during the next 10 years. The bank can’t repay its obligations to bondholders and is … Continue reading