On October 9, 2013, the office of Secretary of the Commonwealth of Massachusetts, William Galvin, announced it sent inquiry letter to Fidelity's FMR Co. Inc.; OppenheimerFunds, a unit of Massachusetts Mutual Life Insurance Co.; and UBS Financial Services Inc. Securities regulators have begun making inquiries regarding the sale of Puerto Rican municipal debt obligations to […]

Along with other brokers/financial advisors, Wilson Dennis Colberg Trio of UBS Financial Services Inc. of Puerto Rico, is currently being investigated over alleged sales of proprietary municipal and leveraged bond funds offered by UBS Puerto Rico, including the Puerto Rico Fixed Income Funds I through VI, Tax-Free Puerto Rico Funds I and II, and Tax-Free […]

Along with other brokers/financial advisors, Wilson Dennis Colberg Trio of UBS Financial Services Inc. of Puerto Rico, is currently being investigated over alleged sales of proprietary municipal and leveraged bond funds offered by UBS Puerto Rico, including the Puerto Rico Fixed Income Funds I through VI, Tax-Free Puerto Rico Funds I and II, and Tax-Free […]

Soreide Law Group has filed a lawsuit with the Financial Industry Regulatory Authority, also known as FINRA, against UBS Financial Services Incorporated Puerto Rico, and broker Eladio Jesus Perez, Jr. The lawsuit was filed on behalf of a 70 year-old investor in Puerto Rico bond funds, alleging unsuitability, over-concentration of funds, excessive and inappropriate use […]

Soreide Law Group has filed a lawsuit with the Financial Industry Regulatory Authority, also known as FINRA, against UBS Financial Services Incorporated Puerto Rico, and broker Eladio Jesus Perez, Jr. The lawsuit was filed on behalf of a 70 year-old investor in Puerto Rico bond funds, alleging unsuitability, over-concentration of funds, excessive and inappropriate use […]

It was recently reported in the New York Times that UBS Puerto Rico is now investigating it's own brokers over the sales of leveraged bond funds. One such fund is the Tax Free Puerto Rico Fund II which has a leverage ratio of fifty-three percent. Recently, one broker was put on administrative leave for the […]

It was recently reported in the New York Times that UBS Puerto Rico is now investigating it's own brokers over the sales of leveraged bond funds. One such fund is the Tax Free Puerto Rico Fund II which has a leverage ratio of fifty-three percent. Recently, one broker was put on administrative leave for the […]

A Boca Raton money manager, Peter Bruno, was charged by the Florida Office of Financial Regulation, with allegedly giving unsuitable recommendations to a janitor and his wife, which caused them to lose the majority of their $70K investment. Bruno, of Wall Street Money Management Group, also hosts a financial radio show. Bruno's recommendations to the […]

On September 26, 2013, the Securities and Exchange Commission (SEC) charged Delray Beach, Florida, businessman, Ronald Walblay, and his companies, RyHolland Fielder Inc. and Energy Securities Inc., with a $12 million investment fraud in five oil and gas offerings for misrepresenting such key facts such as the amount of available reserves, the use of investor […]