{"id":4885,"date":"2018-02-24T16:50:11","date_gmt":"2018-02-24T22:50:11","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4885"},"modified":"2022-03-22T15:57:54","modified_gmt":"2022-03-22T20:57:54","slug":"ubs-must-pay-five-clients-521000-puerto-rico-bond-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ubs-must-pay-five-clients-521000-puerto-rico-bond-fraud\/","title":{"rendered":"UBS Must Pay Five Clients $521,000 Over Puerto Rico Bond Fraud"},"content":{"rendered":"<p>\t\t\t\tA Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against <a href=\"https:\/\/www.investorlawyers.com\/ubs-painewebber-background-information.html\" target=\"_blank\" rel=\"noopener noreferrer\">UBS Financial Services (UBS)<\/a> and UBS Financial Services Inc. of Puerto Rico (UBS-PR). The claimants had accused the financial firm of securities fraud, constructive fraud, common law fraud, negligent supervision, breach of fiduciary duty, and violating the Puerto Rico Uniform Securities Act.<\/p>\n<p>UBS has been the subject of hundreds of FINRA arbitration claims brought by thousands of investors who sustained losses from Puerto Rico bonds and closed-end bonds, with many UBS-PR customers contending that they sustained massive losses because these investments were inappropriately recommended to them. To date, the financial firm has been ordered to pay or agreed to pay in settlements hundreds of millions of dollars to investors, with more claims still pending.<\/p>\n<p>For over four years, our Puerto Rico bond fraud law firm has worked with investors on the island and the U.S. to help those investors recover their losses from losses in Puerto Rico securities. Contact Shepherd Smith Edwards and Kantas today to request your free, no obligation consultation.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/ubs-must-pay-five-clients-521000-puerto-rico-bond-fraud\/#more-4885\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against UBS Financial Services (UBS) and UBS Financial Services Inc. of Puerto Rico (UBS-PR). The claimants had accused the financial firm of securities fraud, constructive fraud, common law fraud, negligent supervision, breach of fiduciary [&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":[3922,4039,3755],"tags":[2826,2999,3000],"class_list":["post-4885","post","type-post","status-publish","format-standard","hentry","category-municipal-bonds","category-puerto-rico-bond-funds","category-ubs","tag-bond-fraud","tag-compensatory-damages","tag-ubs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBS Must Pay Five Clients $521,000 Over Puerto Rico Bond Fraud | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"A Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against UBS Financial Services (UBS) and UBS Financial Services Inc. of Puerto Rico (UBS-PR).\" \/>\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\/ubs-must-pay-five-clients-521000-puerto-rico-bond-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UBS Must Pay Five Clients $521,000 Over Puerto Rico Bond Fraud | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"A Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against UBS Financial Services (UBS) and UBS Financial Services Inc. of Puerto Rico (UBS-PR).\" \/>\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":"UBS Must Pay Five Clients $521,000 Over Puerto Rico Bond Fraud | SSEK Law Firm Blog","description":"A Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against UBS Financial Services (UBS) and UBS Financial Services Inc. of Puerto Rico (UBS-PR).","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\/ubs-must-pay-five-clients-521000-puerto-rico-bond-fraud\/","twitter_card":"summary_large_image","twitter_title":"UBS Must Pay Five Clients $521,000 Over Puerto Rico Bond Fraud | SSEK Law Firm Blog","twitter_description":"A Financial Industry Regulatory Authority panel has awarded five people $521,000 in compensatory damages in their Puerto Rico bond fraud case against UBS Financial Services (UBS) and UBS Financial Services Inc. of Puerto Rico (UBS-PR).","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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