{"id":1375,"date":"2014-01-15T10:42:51","date_gmt":"2014-01-15T10:42:51","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/01\/the_players_in_the_ubs_puerto"},"modified":"2014-01-15T10:42:51","modified_gmt":"2014-01-15T10:42:51","slug":"the-players-in-the-ubs-puerto","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/the-players-in-the-ubs-puerto\/","title":{"rendered":"The Players in the UBS Puerto Rican Bond Fraud"},"content":{"rendered":"<p>\t\t\t\t<u>UBS Puerto Rico<\/u><\/p>\n<p>\tA catastrophic collapse of life savings such as many investors in Puerto Rico bonds have been experiencing does not just happen on its own.  There are inevitably a number of different parties that are involved, often to varying degrees.  For most affected investors, the main party is UBS Financial Services Incorporated of Puerto Rico (&#8220;UBS Puerto Rico&#8221;).  UBS Puerto Rico is a broker-dealer, meaning that it is a company in the business of buying and selling securities for clients, either by pairing together individuals looking to buy a particular security with a seller looking to sell that same security, and thus acting as a broker, or by buying and selling securities to investors out of its own portfolio, thus acting as a dealer.  As a broker-dealer, UBS Puerto Rico is required to, and has, registered with the Financial Industry Regulatory Authority (&#8220;FINRA&#8221;), which is the regulator of broker-dealers in the United States and its territories.  However, UBS Puerto Rico is licensed to operate solely within Puerto Rico.<\/p>\n<p>\tWithout delving into the legal issues involved, some of which have been discussed in previous posts and some of which will be addressed in subsequent ones, a broker-dealer can be legally liable for losses that its clients suffer under some circumstances.  These situations can either because applicable laws and regulations covering broker-dealers in the United States require broker-dealers to properly supervise their brokers, and put in place various compliance systems to make sure the brokers are doing what they are supposed to be doing.  Liability can also exist simply if the employees of the broker-dealer act improperly, even if the broker-dealer had no knowledge that it was going on, under legal theories such as respondeat superior.  <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/the-players-in-the-ubs-puerto\/\"  title=\"Continue Reading The Players in the UBS Puerto Rican Bond Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UBS Puerto Rico A catastrophic collapse of life savings such as many investors in Puerto Rico bonds have been experiencing does not just happen on its own. There are inevitably a number of different parties that are involved, often to varying degrees. For most affected investors, the main party is UBS Financial Services Incorporated of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1375","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Players in the UBS Puerto Rican Bond Fraud &#8212; Investor Lawyers Blog &#8212; January 15, 2014<\/title>\n<meta name=\"description\" content=\"UBS Puerto Rico A catastrophic collapse of life savings such as many investors in Puerto Rico bonds have been experiencing does not just happen on its &#8212; January 15, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/the-players-in-the-ubs-puerto\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Players in the UBS Puerto Rican Bond Fraud &#8212; Investor Lawyers Blog &#8212; January 15, 2014\" \/>\n<meta name=\"twitter:description\" content=\"UBS Puerto Rico A catastrophic collapse of life savings such as many investors in Puerto Rico bonds have been experiencing does not just happen on its &#8212; January 15, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Players in the UBS Puerto Rican Bond Fraud &#8212; Investor Lawyers Blog &#8212; January 15, 2014","description":"UBS Puerto Rico A catastrophic collapse of life savings such as many investors in Puerto Rico bonds have been experiencing does not just happen on its &#8212; January 15, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/the-players-in-the-ubs-puerto\/","twitter_card":"summary_large_image","twitter_title":"The Players in the UBS Puerto Rican Bond Fraud &#8212; 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