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National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

CASE NO. 14-01450

Posted on Wednesday, July 1st, 2020 at 2:53 pm    

Erez Law obtained an award against Oriental Financial Services Corp. (“Oriental”) for $1,046,556. The claim against Santander Securities., LLC was settled prior to the commencement of the final hearing. The case involved a claim by an investor against Oriental related to the recommended use of margin to invest in Puerto Rico bonds and agency bonds. The unsuitable and speculative investment strategy led to margin calls and forced liquidations in 2013. The case is notable for the arbitrators’ award of attorney’s fees, costs and interest which were damages sought under the Puerto Rico Uniform Securities Act.