UBS AG was ordered by the Financial Industry Regulatory Authority (FINRA) to buy back an investor's Puerto Rico bond fund for $1 million. A San Juan FINRA arbitration panel found two UBS units liable to the 66+ year-old investor whose losses were $737,000 only four years after he opened his account in 2011. This FINRA […]

In a recent Reuters' article, Miguel A. Ferrer, the former chairman of UBS Financial Services Inc of Puerto Rico, a unit of UBS AG, told a meeting of their brokers on June 2, 2011, in San Juan, that they needed to change their mindset or leave. This was according to an audio recording in Spanish […]

UBS AG, a Swiss global financial services company that is headquartered in Basel and Zürich, Switzerland, is being sued by a number of their older investors claiming they were put into mutual funds that were invested heavily in Puerto Rico bonds. According to a May 6th., 2014 article in Reuters, this risky investment cost these […]