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 Puerto Rico Target Maturity Funds.
UBS Puerto Rico has agreed to pay $26 million to settle charges that it allegedly mispriced closed end funds. Wilson Trio of UBS Puerto Rico, and branch offices in San Juan, Guaynabo, Ponce, and Hato Rey are currently under investigation. These funds may not have been appropriate for the conservative investor, and it is highly inappropriate for a broker or financial advisor to recommend to their clients borrowing on margin or line of credit to purchase a leveraged fund.
If you purchased funds from Wilson Dennis Colberg Trio or another broker/financial advisor of UBS of Puerto Rico, or through UBS in the United States, please call (888) 760-6552 for a free consultation on how you may be able to recover your investment losses. Soreide Law Group is currently representing investors nationally and internationally against UBS.
Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]
Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]
Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]
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