Puerto Rico Bond Fraud Attorney

Over the last several years, Puerto Rico has been struggling with debt. Recently the value of Puerto Rico’s municipal tax-free bonds has considerably fallen. Consequently investors holding these bonds have suffered large losses. Puerto Rico is $70 billion in debt and many experts do not foresee relief in the future. Investors seeking aid for losses due to Puerto Rico bonds are required to file their disputes in arbitration with FINRA.

We help investors file FINRA arbitration claims against brokerage houses to recover their losses. If you or a loved one invested in Puerto Rican bonds without understanding the risks associated with your investment, you may be able to regain some or all of your losses.

Generally speaking – government-issued bonds are normally relatively stable investments. Some brokerage houses encouraged their financial advisors to downplay the risks associated with these bonds – these firms marketed the bonds as secure municipal bonds rather than downgraded bonds. The deterioration of Puerto Rico’s financial condition resulted in a series of credit downgrades by the major ratings agencies. In March 2013, S&P Global Ratings downgraded Puerto Rico’s credit rating to BBB-, its lowest credit rating above “junk” status. Later in February 2014 Puerto Rico’s debt was downgraded to “junk” status by the leading credit ratings agencies. Bond issuers and financial advisors have an obligation to provide investors with full disclosure about the risks of any investment.

Consequently the value of Puerto Rico’s municipal tax-free bonds have dramatically fallen.

We Can Help You Recover Losses Through FINRA Arbitrations

If you or a loved one has experienced investment losses or financial irregularities as a results of Puerto Rico bonds we can help you. Let our experience and knowledge help you through the FINRA arbitration process. We can help you investigate your options for losses involving Puerto Rico bonds.

Puerto Rico Bond fraud claims have been filed against these brokerage firms:

  • Merrill Lynch
  • Oriental Financial Services
  • Popular Securities
  • Santander Securities
  • UBS Financial Services

Please see some of the Puerto Rico Bond Fund Investments below:

UBS Puerto Rico funds:

  • Puerto Rico Investors Tax-Free Fund, Inc.
  • Puerto Rico Investors Tax-Free Fund, Inc. II
  • Puerto Rico Investors Tax-Free Fund III, Inc.
  • Puerto Rico Investors Tax-Free Fund IV, Inc.
  • Puerto Rico Investors Tax-Free Fund V, Inc.
  • Puerto Rico Investors Tax-Free Fund VI, Inc.
  • Puerto Rico Tax-Free Target Maturity Fund, Inc.
  • Puerto Rico Tax-Free Target Maturity Fund II, Inc.
  • Puerto Rico Investors Bond Fund I
  • UBS IRA Select Growth & Income Puerto Rico Fund P.R. Fixed Income Portfolio
  • UBS IRA Select Growth & Income Puerto Rico Fund U.S. Equity Portfolio I
  • UBS IRA Select Growth & Income Puerto Rico Fund U.S. Equity Portfolio III
  • UBS Trust Company of Puerto Rico
  • UBS IRA Select Growth & Income Puerto Rico Fund P.R. Equity Portfolio
  • UBS IRA Select Growth & Income Puerto Rico Fund U.S. Equity Portfolio II
  • UBS IRA Select Growth & Income Puerto Rico Fund U.S. Equity Portfolio IV

Santander Securities CEFs:

  • First PR Tax Exempt Target Maturity Fund II
  • First PR Tax Exempt Target Maturity Fund III
  • First PR Tax Exempt Target Maturity Fund IV
  • First PR Tax Exempt Target Maturity Fund V
  • First PR Tax Advantaged Target Maturity Fund I
  • First PR Tax Advantaged Target Maturity Fund II
  • First PR TM Income Opportunities Fund I
  • First PR TM Income Opportunities Fund II
  • First PR AAA Target Maturity Fund I
  • First PR AAA Target Maturity Fund II
  • First PR Tax Exempt Target Maturity Fund VII

CONTACT PUERTO RICO BOND FRAUD ATTORNEY JOHN C. BARLOW FOR HELP

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