Soreide Law Group has been contacted by several Miami investors at FMS (First Miami Securities, Inc.) who were allegedly recommended to sell investment grade bonds with shorter-duration to purchase longer-duration lower-rated Puerto Rican bonds.
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 FMS, those investors with longer term maturities also have substantial interest rate risk.
If you have suffered substantial losses investing in Puerto Rico bonds with FMS, please give one of our securities attorneys a call to discuss your rights. Call (888) 760-6552 for a free case evaluation.
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Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
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