Curtis Edmark (CRD 1596961) is a registered representative with Centaurus Financial. According to BrokerCheck, a customer filed a claim against him on September 14, 2026 that remains pending.
UBS AG was ordered by the Financial Industry Regulatory Authority (FINRA) to buy back an investor's Puerto Rico bond fund for $1 million. A San Juan FINRA arbitration panel found two UBS units liable to the 66+ year-old investor whose losses were $737,000 only four years after he opened his account in 2011. This FINRA ruling is one of the first involving the risky bonds. Also, on May 14th. a FINRA arbitration panel ordered UBS AG to pay an investor $200,000 for losses in the PR bond funds.
According to Rueters, some of the PR bond funds lost one-half to nearly two-thirds of their value between March 2011 and October 2013. This was due to fears about the size of Puerto Rico's debt and the weakness of its economy. The island has still not recovered.
UBS is defending against hundreds of arbitration claims filed with FINRA, seeking more than $900 million.
Securities attorney Lars Soreide of Soreide Law Group, is still actively filing cases against broker/dealers for investors who suffered substantial losses from Puerto Rican bond investments. Call (888) 760-6552, for a free consultation if you've invested in Puerto Rico Bond Funds.
Curtis Edmark (CRD 1596961) is a registered representative with Centaurus Financial. According to BrokerCheck, a customer filed a claim against him on September 14, 2026 that remains pending.
Paulette Treguboff (CRD 2699595) is a registered representative with LPL Financial. According to BrokerCheck, a customer filed a claim against her on August 24, 2026 that remains pending.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
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