The struggling Puerto Rican municipal bond market is forcing the Financial Industry Regulatory Authority Inc. (FINRA) to hire more arbitrators in Puerto Rico, after they were swamped with over 200 investor lawsuits.
After Detroit filed bankruptcy last summer, Puerto Rico's municipal bond market has been struggling. Investors are afraid of Puerto Rico's municipal debt of over $70 billion causing the S&P Index to drop 15.24% over the past year. This has opened the floodgates on claims against the broker/dealers who sold the Puerto Rico municipal bonds. UBS was one of the largest sellers of municipal bonds in Puerto Rico.
FINRA is now actively recruiting arbitrators in Puerto Rico to handle the high number of cases. FINRA can also send arbitrators from Florida or other nearby states.
Fort Lauderdale-based, Soreide Law Group, and attorney Lars Soreide, are actively filing cases against broker/dealers for losses sustained by Puerto Rican bond investments. Call (888) 760-6552 if you invested in Puerto Rico Bond Funds.
William Kershaw was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 5/15/2026. William Kershaw was registered as a broker with NYLIFE SECURITIES LLC of Charlotte, North Carolina from 12/16/2024 - 07/17/2025. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, […]
Michael S Barrows (Michael Scott Barrows) has been suspended by FINRA indefinitely with the start date of 3/27/2026. The Regulator’s Statement was, “Pursuant to FINRA Rule 9553, Respondent Barrows' registration with FINRA is suspended on March 27, 2026, for failure to pay arbitration fees.” Barrows is registered as a broker with INNOVATION PARTNERS LLC of […]
Investors apparently complained about securities broker Thaddeus Michael Eubanks [CRD: 5888014, Yuba City, California], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. FINRA BrokerCheck reflects that Eubanks was registered with Edward Jones in Yuba City, California for more than a decade before his association with the firm ended in 2026. Keep reading […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com