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UBS Bond Fund Losses

UBS is a financial services company that enjoys a strong presence in major markets throughout the world. Through the recommendations of its affiliate, UBS Financial Services Incorporated of Puerto Rico, this globally trusted company allegedly encouraged clients to take concentrated positions in closed-end Puerto Rican municipal bond funds. Now, thousands of high net worth investors have received margin calls or been forced to liquidate their Puerto Rico closed-end bond funds, resulting in significant financial losses.

If you are an investor who suffered financial losses after purchasing UBS closed-end bond funds, please contact Colling Gilbert Wright online or call (407) 712-7300 today to schedule a free case evaluation with one of our dedicated investment fraud attorneys.

Misrepresentation and Omissions

For the past several years, Puerto Rico’s economy has been in steep decline. For the past ten years, brokerage firms, such as UBS, borrowed in the municipal bond market, ultimately reaching a high of $70 billion in 2013. This risky concentrated borrowing may have been pivotal in the recent economic disaster in Puerto Rico – a disaster that resulted in the loss of billions for investors who had purchased closed-end bond funds.

UBS financial advisors allegedly misled investors as to the level of risk of purchasing concentrated positions in closed-end Puerto Rican municipal bond funds, on margin, to their clients.  More than $600 million in claims have already been filed against UBS, with new claims being filed daily. The investment fraud attorneys at Colling Gilbert Wright can examine your losses, discuss your case, and help you determine if you have cause to file a Financial Industry Regulatory Authority (FINRA) arbitration claim for your damages.

Widespread Investment Losses

It is estimated that seventy-seven percent of all bond funds hold at least some Puerto Rican bonds and everyone with investments in the municipal bond market have been impacted by this event. High-net investors who placed trust in the over $5 billion in closed-end funds unwritten by UBS Puerto Rico have suffered substantial losses.

If you have experienced financial loss due to investments in closed-end Puerto Rican municipal bond funds, the bond fraud attorneys at our firm encourage you to contact our office to evaluate your potential claim.

To schedule your free consultation with one of our experienced investment fraud attorneys, please contact us today. Based in Florida, our attorneys accept cases throughout the United States and U.S. Territories including Puerto Rico.