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 […]

Those investors who believed they had constructed a “conservative” portfolio by being heavily invested in bonds could be reclassified as “aggressive." Some also believe the move may be an attempt by the firm to lessen its liability in the event clients who are holding large positions in bonds decide to take legal action against UBS. […]