Category: Puerto Rico Bonds
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
In April 2017, a former client of Oppenheimer & Co., Inc. and Raymond, James & Associates, Inc. won an award in a FINRA arbitration for compensatory damages in the amount of $81,000 for losses sustained from investments into junk bonds … 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
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 International Assets Advisory, LLC financial advisor Dennis Coral (CRD# 4561718) regarding sales of Puerto Rico bonds. Coral has been registered with International Assets Advisory, LLC in Orlando, Florida since 2017. Coral was with Suntrust Investment … 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