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UBS Puerto Rico

Many small investors have lost their life savings because of the misconduct of UBS financial advisors regarding Puerto Rican municipal bond investments.

Puerto Rico Muni Bond Fund Losses

While Puerto Rico attempted to recover from its economic downturn by borrowing heavily in the municipal bond market, UBS Puerto Rico financial advisors directed investment clients to buy into that volatile market without considering investor goals and risk. UBS misconduct in regard to client investments in Puerto Rico's municipal bond funds includes:
•    over concentration in Puerto Rican municipal bonds
•    directing clients to buy bonds on borrowed funds without using margin loans against UBS own policies
•    providing unsuitable investment advice
•    breach of fiduciary duty to perform due diligence on investment recommendations
•    excessively leveraging the funds
•    misrepresenting or omitting disclosure of the risks involved in the investment

After the funds began to steeply decline in value, investors were forced to liquidate their holdings to meet margin calls on the loans  they had taken to buy into the bond funds. Victims of UBS misconduct lost millions.

UBS is under investigation by US authorities for criminal fraud to determine whether UBS executives knew that its financial advisors were telling clients to use proceeds from loans to buy bond funds in violation of its own lending rules. 

Our Securities Litigation and Arbitration Attorneys Can Help

At Levin, Papantonio, Thomas, Mitchell, Rafferty & Proctor, our experienced bond fund loss attorneys have represented thousands of clients across the United States and recovered more than $2.5 billion for victims of broker fraud and misconduct. 

If you have suffered the loss of your nest egg because of unsuitable investment advice provided by UBS Puerto Rico, please call (855) 345-1554 or contact Levin, Papantonio, Thomas, Mitchell, Rafferty & Proctor today for your case consultation. We serve clients in Pensacola, Florida, and nationwide. 

Learn more about UBS Puerto Rican Bond Fund Claims

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