March 27, 2014

Did You Invest in Puerto Rican Bonds with Oriental Financial Services Corp.?

Soreide Law Group, based in Ft. Lauderdale, Florida, is currently investigating Oriental Financial Services Corp., which operates as a subsidiary of Oriental Financial Group Inc., on behalf of clients who have suffered losses in the risky Puerto Rican municipal bond funds. Oriental Financial is headquartered in San Juan, Puerto Rico. They offer financial services in Puerto Rico and Florida. The Oriental Financial Group has over 520 employees.

Puerto Rican bond investors have suffered substantial losses due to the high risk of default by the bond issuers. Bond investors need to be aware that in addition to the credit risk associated with the bonds recommended by Oriental Financial Services, those investors with longer term maturities also have substantial interest rate risk.

The Financial Industry Regulatory Authority, FINRA, is actively recruiting more arbitrators in Puerto Rico to handle the high number of cases that are being filed. FINRA can also send arbitrators from Florida or other nearby states.

Soreide Law Group, and attorney Lars Soreide, are actively filing cases against broker/dealers for the substantial losses sustained by Puerto Rican bond investments. Call (888) 760-6552, for a free consultation if you invested in Puerto Rico Bond Funds.

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