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 […]

Puerto Rico used to be known as a tax haven for investors. However, Puerto Rico is experiencing huge financial problems that could easily cost American investors a large portion of their investments, particularly if the island goes bankrupt. Puerto Rico went through an over-borrowing spree in the past few decades. This small island managed to […]

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 […]