{"id":1642,"date":"2015-05-14T18:17:19","date_gmt":"2015-05-14T18:17:19","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/05\/ubs_ordered_to_pay_investor_20"},"modified":"2022-03-22T14:25:31","modified_gmt":"2022-03-22T19:25:31","slug":"ubs-ordered-to-pay-investor-20","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ubs-ordered-to-pay-investor-20\/","title":{"rendered":"UBS Ordered to Pay Retired Investor $200,000 For Puerto Rico Bond Fund Losses"},"content":{"rendered":"

\t\t\t\tA Financial Industry Regulatory Authority (“FINRA”) panel has ordered UBS Financial Services<\/a>, Inc. and UBS Financial Services of Puerto Rico <\/a>(collectively “UBS”) to pay an investor $200,000 for losses she sustained by investing in UBS’s Puerto Rico closed-end bond funds. This is the first known ruling from a FINRA arbitration panel in the hundreds of municipal bond fraud lawsuits filed by investors over the last few years. <\/p>\n

The investor, Yolanda Bauza, invested money she obtained in a car accident settlement. In her Puerto Rico bond fraud case, Bauza alleged misrepresentations, securities fraud, and other wrongdoing. In addition to the $200,000 award, the arbitrators denied the firm’s request to remove information about the case from the public records of David Lugo and Carlos Gonzalez, two of the brokers who advised Bauza.<\/p>\n

According to Sam Edwards<\/a>, a partner with Shepherd, Smith, Edwards & Kantas, who is representing a number of Puerto Rico bond fund investors, “We are very pleased that FINRA’s arbitrators recognized what those of us representing the many thousands of investors in Puerto Rico and abroad have known for almost two years: UBS’s Puerto Rico bond funds were highly conflicted, very risky and completely misrepresented to investors. They were suitable for almost no investors. As a result, those who invested in these bond funds, like Ms. Bauza, should be fairly compensated.”<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A Financial Industry Regulatory Authority (“FINRA”) panel has ordered UBS Financial Services, Inc. and UBS Financial Services of Puerto Rico (collectively “UBS”) to pay an investor $200,000 for losses she sustained by investing in UBS’s Puerto Rico closed-end bond funds. This is the first known ruling from a FINRA arbitration panel in the hundreds of […]<\/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":[3752,3922,4039,3755],"tags":[],"class_list":["post-1642","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-municipal-bonds","category-puerto-rico-bond-funds","category-ubs"],"yoast_head":"\nUBS Ordered to Pay Retired Investor $200,000 For Puerto Rico Bond Fund Losses — Investor Lawyers Blog — May 14, 2015<\/title>\n<meta name=\"description\" content=\"A Financial Industry Regulatory Authority ("FINRA") panel has ordered UBS Financial Services, Inc. and UBS Financial Services of Puerto Rico (collectively — May 14, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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