Attorney Lars Soreide has filed a second FINRA arbitration this month against UBS of Puerto Rico for the sale of their proprietary bond fund the “Puerto Rico Fixed Income Fund IV”. This investment represented 100% of the investor’s life savings and UBS allegedly encouraged the investor to borrow money against his sole investment to purchase a home.
In May, 2012, UBS Financial Services Inc. of Puerto Rico settled with the SEC for $26.6 million over claims that it had been making misrepresentations and omissions of material facts to numerous retail customers in Puerto Rico regarding the secondary market liquidity and pricing of UBS PR-affiliated, non-exchange-traded closed-end funds. The announced settlement with the SEC was the first time that investors were given notice of the fraud. The settlement included the Puerto Rico Income Fund IV sold to the investor.
If you or a loved on purchased Puerto Rican bond funds from UBS please call Soreide Law Group at (888) 760-6552 for a free consultation. Representation is available on a contingency fee basis.
Investors apparently complained about securities broker Devlin H. Dwyer. [CRD: 6634140, Atlanta, Georgia], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Dwyer worked for Patrick Capital Markets LLC from November 22, 2016, to March 9, 2026. See below to find out more about the disclosures involving this securities broker. Patrick Capital Investor […]
Investors have reportedly disputed the sales practices of securities broker Jennifer Lasser Eilers (also known as Jennifer Ann Costello and Jennifer Ann Lasser) [CRD: 2410129, Niles, Illinois], according to disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jennifer Eilers worked for BMO Harris Financial Advisors Inc. from February 19, 2021, to March 24, 2021, […]
Investors potentially experienced sales practice violations by securities broker Gabriel D. Candea (also known as Gabe Candea) [CRD: 5531840, Santee, California], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gabriel Candea worked for Emerson Equity LLC from January 14, 2022, to the present as a securities broker in Irvine, California, […]
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