FINRA Sales Practice Violations

Misrepresentation & Omission of Material Facts

Our legal team has interviewed many Puerto Rico investors who followed the investment recommendations of UBS Financial Services of Puerto Rico (“UBS Puerto Rico”) and its financial advisors. We have reviewed volumes of Offering Documents, Prospectus, sales materials and client presentations related to the sale of UBS Puerto Rico Bond Funds. UBS Puerto Rico customers must provide approval in advance of any investment transaction recommended by UBS Puerto Rico financial advisors. Because of this fact, Puerto Rico investors must rely upon all of the information provided by UBS Puerto Rico to make informed decisions. When information provided by UBS Puerto Rico is incorrect or incomplete Puerto Rico investors are at risk and UBS Puerto Rico can be held responsible for investment losses.

A Puerto Rico investor who reasonably relies upon a misrepresentation or omission of a material fact made by UBS Puerto Rico and its financial advisors and as a result of the reliance suffered investment losses they may be able to recover damages. If a FINRA arbitration panel finds that UBS Puerto Rico had a duty to disclose the material facts including risks, customers may be able to recover damages in a FINRA arbitration hearing. A misrepresentation or omission of a material fact by UBS Puerto Rico can be made in any of the following situations:

  • failure to conduct adequate due diligence concerning UBS Puerto Rico Family of Funds;
  • failure to disclose of all material risks related to UBS Puerto Rico Family of Funds;
  • failure to disclose all costs related to UBS Puerto Rico Bond Funds;
  • inaccurate representation of credit quality of Puerto Rico Municipal Bonds;
  • unrealistic forecast about Puerto Rico economy; and
  • unrealistic assumptions for investment performance.

Securities fraud claims against UBS Puerto Rico filed under Section 10(b)(5) of the Securities Exchange Act of 1934 or other claims for misrepresentation, may involve some aspects of fraud, deception, misrepresentation, non-disclosure or omission of material facts related to the purchase, or sale of a security. According to the SEC anti-fraud regulations, an investor who lost money may recover damages by proving the investment recommendations made:

  • was based on a misrepresentation or omission of a material fact;
  • was intentional, reckless;
  • was in connection with the purchase, or sale of a security;
  • was relied upon by investors; and
  • resulted in an investment loss.

The misrepresentation or omission of material facts concerning investment recommendations by UBS Financial Services of Puerto Rico concerning UBS Puerto Rico Family of Funds may be a cause of action in a FINRA arbitration claim for damages.

Our team of lawyers can help you determine whether an investment loss is the result of UBS Puerto Rico and its financial advisor’s misrepresentation or omission of a material fact. Puerto Rico investors who suffer losses, as a result of a misrepresentation or omission of a material fact they may be able recover their losses in a FINRA arbitration claim.

Get in touch with us


captcha

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.

Peninsula Plaza
2424 N. Federal Highway, Suite 450
Boca Raton, Florida 33431
Phone: (561) 997 – 9956

Chanin Building at Grand Central Terminal
380 Lexington Avenue, 17th Floor
New York, New York 10168
Phone: (212) 269 – 9956
(by appointment only)

4675 MacArthur Court, Suite 550
Newport Beach, California 92660

Phone: (949) 721-9956
(by appointment only)

American Airlines Building
1509 Lopez Landron St. -PH
San Juan, PR 00911
Phone: (787) 268-6444
(by appointment only)