Recover UBS Puerto Rico Fund Losses

Puerto Rico Investors May Recover
UBS Puerto Rico Bond Fund Losses
Through FINRA Arbitration

Puerto Rico investors who were advised by UBS Financial Services of Puerto Rico (“UBS Puerto Rico”) to invest in UBS Puerto Rico Family of Funds may recover their losses through the Financial Industry Regulatory Authority (FINRA) dispute resolution process. For any sales and marketing efforts, UBS Puerto Rico and its financial advisors are obligated to avoid any misrepresentations or omissions of materials facts concerning investment recommendations. UBS Puerto Rico is the lead underwriter of the syndication for the UBS Puerto Rico Family of Funds and is required to give balanced, accurate information to avoid providing unsuitable investment advice. UBS Puerto Rico is required to supervise its financial advisors. UBS Puerto Rico Family of Funds losses that are from are the result of concentrated investments in Puerto Rico Bonds may be attributed to UBS Puerto Rico’s failure to supervise its financial advisors.

UBS Puerto Rico, as lead underwriter, is required to conduct adequate due diligence to determine the accuracy of information provided by the Prospectus and Offering documents, including the risks associated with leverage and the ability of UBS Asset Managers to manage and hedge the closed-end fund portfolio risks. UBS Puerto Rico failed to disclose excessive markups and markdowns charged for the management of the proprietary closed-end funds which was the result of conflicts of interest between UBS Puerto Rico, third-parties and UBS Puerto Rico customers. Concerning losses in customer accounts, the reported Net Asset Values (NAV) for UBS Puerto Rico Family of Funds are as follows:

UBS Financial Services of Puerto Rico reported the Net Asset Values for the following closed-end funds managed solely by UBS Asset Managers as of July 29, 2015:

  • Puerto Rico Fixed Income Fund, Inc. ($2.135)
  • Puerto Rico Fixed Income Fund II, Inc. ($2.591)
  • Puerto Rico Fixed Income Fund III, Inc. ($2.692)
  • Puerto Rico Fixed Income Fund IV, Inc. ($3.464)
  • Puerto Rico Fixed Income Fund V, Inc. ($2.822)
  • Puerto Rico Fixed Income Fund VI, Inc. ($2.869)
  • Tax Free Puerto Rico Fund, Inc. ($3.767)
  • Tax Free Puerto Rico Fund II, Inc. ($2.474)

UBS Financial Services of Puerto Rico reported the Net Asset Values for the following closed-end funds co-managed by UBS Asset Managers and Popular Asset Management as of July 29, 2015:

  • Puerto Rico Investors Tax-Free Fund, Inc. ($2.80)
  • Puerto Rico Investors Tax-Free Fund II, Inc. ($2.75)
  • Puerto Rico Investors Tax-Free Fund III, Inc. ($3.11)
  • Puerto Rico Investors Tax-Free Fund IV, Inc. ($2.44)
  • Puerto Rico Investors Tax-Free Fund V, Inc. ($3.10)
  • Puerto Rico Investors Tax-Free Fund VI, Inc. ($3.51)
  • Puerto Rico Investors Bond Fund I, Inc. ($3.46)

Klayman & Toskes, PA and the Carlo Law Offices are dedicated to the rights of Puerto Rico investors. Our legal team can help you determine what steps can be taken to protect your investor rights. Puerto Rico investors who suffered losses as a result of FINRA sales practice violations concerning the UBS Puerto Rico Family of Funds may be able recover their losses in a FINRA arbitration claim for damages.

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Visit our Website for the Recovery of Puerto Rico Bond Fund Losses

perdidasenbonospr.com

For more information on how to start a claim, or to find out if you have a claim, please contact our law firm, toll free, at (787) 268-6444, for a free consultation.

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