CASE NO. 15-01774
Posted on Wednesday, July 1st, 2020 at 2:54 pm
Erez Law represented a beneficiary of a trust that sustained significant losses in UBS proprietary closed-end funds that invested predominantly in Puerto Rico bonds as well as losses as in Puerto Rico bonds. Carlos Rodriguez was the broker that for the trust at UBS. The Claimant alleged that Mr. Rodriguez and UBS recommended an over concentrated and unsuitable position in the UBS Puerto Rico funds and Puerto Rico bonds. The FINRA panel awarded the Claimant $957,796.59. The FINRA Panel awarded attorney’s fees under the Puerto Rico Uniform Securities Act as well as costs.