{"id":18692,"date":"2020-01-27T14:37:30","date_gmt":"2020-01-27T20:37:30","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18692"},"modified":"2020-07-23T09:00:58","modified_gmt":"2020-07-23T14:00:58","slug":"merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/","title":{"rendered":"Merrill Lynch Ordered to Pay $1.7 Million in Puerto Rico Bond Fraud Case Involving Broker Alex Gierbolini"},"content":{"rendered":"<h2>Merrill Lynch Fined For Involvement In Puerto Rico Bond Fraud Case<\/h2>\n<p>In a recent award, a <a href=\"https:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA)<\/a> arbitration panel has decided that Merrill Lynch must pay a former professional baseball player and his wife $1.7 million in compensatory damages, plus $88,758 in costs, for losses they sustained from investing in <a href=\"https:\/\/www.investorlawyers.com\/blog\/puerto_rico_municipal_bonds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Puerto Rico bonds and closed-end bond funds<\/a>.<\/p>\n<p>The retired MLB player is Angel Pagan and his wife is Windy Pagan, a former Ms. Puerto Rico. Angel was an outfielder for the NY Mets, the Chicago Cubs, and the San Francisco Giants before retiring to live on the island.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/\"  title=\"Continue Reading Merrill Lynch Ordered to Pay $1.7 Million in Puerto Rico Bond Fraud Case Involving Broker Alex Gierbolini\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Merrill Lynch Fined For Involvement In Puerto Rico Bond Fraud Case In a recent award, a Financial Industry Regulatory Authority (FINRA) arbitration panel has decided that Merrill Lynch must pay a former professional baseball player and his wife $1.7 million in compensatory damages, plus $88,758 in costs, for losses they sustained from investing in Puerto [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3953,3773,3783,3774,3739,4051,1],"tags":[4272,4271,3093],"class_list":["post-18692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arbitration-rulings","category-broker-fraud","category-broker-misconduct","category-broker-dealers","category-finra","category-puerto-rico-debt-crisis","category-uncategorized","tag-alex-gierbolini","tag-alex-jose-gierbolini","tag-merrill-lynch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Merrill Lynch Ordered To Pay $1.7 Million In Puerto Rico Bond Fraud Case | SSEK<\/title>\n<meta name=\"description\" content=\"Merrill Lynch must pay former professional baseball player, Angel Pagan, and his wife Windy $1.7 million for losses in a Puerto Rico bond fraud case.\" \/>\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\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Merrill Lynch Ordered To Pay $1.7 Million In Puerto Rico Bond Fraud Case | SSEK\" \/>\n<meta name=\"twitter:description\" content=\"Merrill Lynch must pay former professional baseball player, Angel Pagan, and his wife Windy $1.7 million for losses in a Puerto Rico bond fraud case.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Merrill Lynch Ordered To Pay $1.7 Million In Puerto Rico Bond Fraud Case | SSEK","description":"Merrill Lynch must pay former professional baseball player, Angel Pagan, and his wife Windy $1.7 million for losses in a Puerto Rico bond fraud case.","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\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/","twitter_card":"summary_large_image","twitter_title":"Merrill Lynch Ordered To Pay $1.7 Million In Puerto Rico Bond Fraud Case | SSEK","twitter_description":"Merrill Lynch must pay former professional baseball player, Angel Pagan, and his wife Windy $1.7 million for losses in a Puerto Rico bond fraud case.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Merrill Lynch Ordered to Pay $1.7 Million in Puerto Rico Bond Fraud Case Involving Broker Alex Gierbolini","datePublished":"2020-01-27T20:37:30+00:00","dateModified":"2020-07-23T14:00:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/"},"wordCount":633,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg","keywords":["Alex Gierbolini","Alex Jose Gierbolini","Merrill Lynch"],"articleSection":["Arbitration Rulings","Broker Fraud","Broker Misconduct","Broker-Dealers","FINRA","Puerto Rico Debt Crisis"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/","name":"Merrill Lynch Ordered To Pay $1.7 Million In Puerto Rico Bond Fraud Case | SSEK","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg","datePublished":"2020-01-27T20:37:30+00:00","dateModified":"2020-07-23T14:00:58+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Merrill Lynch must pay former professional baseball player, Angel Pagan, and his wife Windy $1.7 million for losses in a Puerto Rico bond fraud case.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/11\/SSEK-UBS-Puerto-Rico-Broker.jpg","width":5719,"height":2930,"caption":"Merrill Lynch ordered to pay $1.7M in a Puerto Rico bond fraud case"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/merrill-lynch-ordered-to-pay-1-7-million-in-puerto-rico-bond-fraud-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Merrill Lynch Ordered to Pay $1.7 Million in Puerto Rico Bond Fraud Case Involving Broker Alex Gierbolini"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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