Félix “Tito” Trinidad, a Puerto Rican boxing legend, is being pursued by creditors while he files a claim against the financial advisor who invested more than $60 million of his money in Puerto Rican government bonds. Felix Trinidad has filed with the Financial Industry Regulatory Authority (FINRA) claiming that his financial advisor, José “Pepe” Ramos, […]

UBS Financial Services Inc. is now offering to buy back shares at 'net asset value' of the Puerto Rico Bond Funds. However, investors who have lost much of their investments in this fund, are wondering if this is just a public relations ploy. Instead, many of these investors who have lost 16% or more, in […]

UBS AG released its third-quarter earnings report on Tuesday. UBS took a $20 million trading loss and $21 million in credit losses all related to loans that were backed by Puerto Rican municipal securities and related funds. UBS Financial Services Inc. of Puerto Rico, (UBS PR) is the subject of arbitration by investors who say […]

Attorney Lars Soreide has filed a second FINRA arbitration this month against UBS of Puerto Rico for the sale of their proprietary bond fund the “Puerto Rico Fixed Income Fund IV”. This investment represented 100% of the investor’s life savings and UBS allegedly encouraged the investor to borrow money against his sole investment to purchase […]

Along with other brokers/financial advisors, Wilson Dennis Colberg Trio of UBS Financial Services Inc. of Puerto Rico, is currently being investigated over alleged sales of proprietary municipal and leveraged bond funds offered by UBS Puerto Rico, including the Puerto Rico Fixed Income Funds I through VI, Tax-Free Puerto Rico Funds I and II, and Tax-Free […]

Along with other brokers/financial advisors, Wilson Dennis Colberg Trio of UBS Financial Services Inc. of Puerto Rico, is currently being investigated over alleged sales of proprietary municipal and leveraged bond funds offered by UBS Puerto Rico, including the Puerto Rico Fixed Income Funds I through VI, Tax-Free Puerto Rico Funds I and II, and Tax-Free […]

It was recently reported in the New York Times that UBS Puerto Rico is now investigating it's own brokers over the sales of leveraged bond funds. One such fund is the Tax Free Puerto Rico Fund II which has a leverage ratio of fifty-three percent. Recently, one broker was put on administrative leave for the […]

It was recently reported in the New York Times that UBS Puerto Rico is now investigating it's own brokers over the sales of leveraged bond funds. One such fund is the Tax Free Puerto Rico Fund II which has a leverage ratio of fifty-three percent. Recently, one broker was put on administrative leave for the […]