AISHKA O LUGO (AISHICA O HUGO, AISHICA O LUGO) is currently registered both as a broker and financial advisor with UBS FINANCIAL SERVICES INC. of Tampa, Florida, since 10/16/2006.  According to FINRA’s BrokerCheck, available to the public on FINRA’s website, AISHKA O LUGO has been in the securities industry for 23 years and has 22 […]

On November 3, 2014, the Securities and Exchange Commission (SEC) sanctioned 13 firms. According to the SEC, these firms violated the rule that is primarily designed to protect retail investors in the municipal securities market. A "minimum denomination" sets the smallest amount of the bonds that a broker/dealer is permitted to sell to a retail […]

UBS of Puerto Rico is allegedly under investigation for fraud by the Securities and Exchange Commission (SEC) and the U.S. Department of Justice. UBS, a Swiss bank, has had huge losses by its wealth management clients over the past few years causing a multitude of lawsuits. These lawsuits are claiming that allegedly UBS extended credit […]

Soreide Law Group, based in Ft. Lauderdale, Florida, is currently investigating Oriental Financial Services Corp., which operates as a subsidiary of Oriental Financial Group Inc., on behalf of clients who have suffered losses in the risky Puerto Rican municipal bond funds. Oriental Financial is headquartered in San Juan, Puerto Rico. They offer financial services in […]

The Financial Industry Regulatory Authority (FINRA) has said that it is examining the trading in the $3.5 billion of general-obligations that Puerto Rico sold this month in the largest ever high yield offering. These bonds are clearly not for the small investor. Puerto Rico sold the debt on March 11th., giving the island enough cash […]

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 […]

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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 […]