Category: Puerto Rico Bonds
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
Erez Law represents several investors that have filed claims against Morgan Stanley Financial Advisor Angel Edgardo Aquino-Velez (CRD #2687333). His former customers allege that he was dangerously concentrating their investment portfolio in high risk and unsuitable Puerto Rico bonds. The … Continue reading
Erez Law and Aldarondo & Lopez Bras recently filed a claim against UBS Financial Services, Inc. and UBS Financial Services Inc. of Puerto Rico (“UBS”) on behalf of a 63-year-old man and his 62-year-old wife for more than $850,000 in … Continue reading
A FINRA arbitration panel in San Juan found UBS Financial Services, Inc., and UBS Financial Services Inc. of Puerto Rico liable to an elderly investor, Juan Burgos Rosado, whose losses in closed-end funds sold by UBS had reached $737,000 four … Continue reading
Erez Law and Aldarondo & Lopez Bras recently filed a claim against UBS Financial Services, Inc. and UBS Financial Services Inc. of Puerto Rico (“UBS”) on behalf of a doctor’s estate for more than $295,000 in losses related to UBS/UBS-PR … Continue reading