Category: Puerto Rico Bonds
Erez Law is currently investigating Hennion & Walsh, Inc. financial advisor Sean J. McElduff (CRD# 5565355) regarding unsuitable recommendations to invest in Puerto Rico municipal bonds. McElduff has been registered with Hennion & Walsh, Inc. in Parsippany, New Jersey since … Continue reading
Erez Law is currently investigating Morgan Stanley financial advisor Robert Alfred Dennison (CRD# 2674594) regarding unsuitable and overconcentrated investment recommendations in Puerto Rico bonds. Dennison has been registered with Morgan Stanley in West Palm Beach, Florida since 2013. Dennison was … Continue reading
Erez Law is currently investigating David Lerner Associates, Inc. (CRD# 5397) financial advisors regarding recommendations for investments in Puerto Rico bonds to its clients across the country. The Miami based law firm believes that David Lerner Associates brokers sold unsuitable … Continue reading
In March 2017, a UBS Financial Services customer won an award in a FINRA arbitration for compensatory damages in the amount of $3.9 million plus $442,000 in attorneys’ fees and $61,500 in costs from losses sustained in Puerto Rico municipal … Continue reading
In February 2017, a former UBS Financial Services, Inc. client won an award in a FINRA arbitration for compensatory damages in the amount of $7.98 million plus punitive damages in the amount of $1 million plus interest for losses sustained … Continue reading
On March 13, Puerto Rico’s Financial Oversight and Management Board released a 10-year fiscal plan which sets to manage the their financial overhaul thorough meaningful talks with creditors who hold more than $70 billion of defaulted debt. According to the … Continue reading
Erez Law is currently investigating claims related to RBC Capital Markets, LLC broker Samuel Kluft Koltun (CRD# 1739664) regarding numerous customer complaints alleging that he recommended an overconcentrated portfolio of unsuitable Puerto Rico bonds. Koltun has been in the financial … Continue reading
Erez Law is currently investigating former Morgan Stanley financial advisor Tom Abel Puentes (CRD# 1713812) regarding time and price discretion in customer accounts to purchase municipal bonds. Puentes was registered with Morgan Stanley in Langley Washington from 2009 to 2014 … Continue reading
In January 2017, former UBS Financial Services, Inc. and UBS Financial Services, Inc. of Puerto Rico clients won an award in a FINRA arbitration for compensatory damages in the amount of $9,630,000 plus interest and $4,000,350 in punitive damages for … Continue reading
In December 2016, a former UBS Financial Services, Inc. and UBS Financial Services, Inc. of Puerto Rico client won an award in a FINRA arbitration for compensatory damages in the amount of $18.6 million for losses sustained from investments in … Continue reading