{"id":6651,"date":"2018-11-01T09:51:46","date_gmt":"2018-11-01T14:51:46","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6651"},"modified":"2022-05-17T14:13:40","modified_gmt":"2022-05-17T19:13:40","slug":"ubs-ordered-to-pay-investor-693k-in-puerto-rico-bond-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ubs-ordered-to-pay-investor-693k-in-puerto-rico-bond-fraud-case\/","title":{"rendered":"UBS Ordered to Pay Investor $693K in Puerto Rico Bond Fraud Case"},"content":{"rendered":"<p>\t\t\t\t<a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">A Financial Industry Regulatory Authority (FINRA)<\/a> arbitration panel is ordering <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/ubs-painewebber\/\">UBS Financial Services (UBS)<\/a> and UBS Financial Services of Puerto Rico (UBS-PR) to pay investor Jose F. Pastrana $693K, including at least $564,559 in damages, legal fees, and other costs in its Puerto Rico bond fraud case. UBS also must buy back from Pastrana some of the <a href=\"https:\/\/www.sec.gov\/fast-answers\/answersmfclosehtm.html\">illiquid closed-end funds<\/a> that he purchased from the firm at what their market price was at the end of July. AdvisorHub says that this amount will total $128K.<\/p>\n<p><strong><em>Pastrana had accused the broker-dealer of:<\/em><\/strong><\/p>\n<ul>\n<li>Negligence<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ubs-ordered-to-pay-investor-693k-in-puerto-rico-bond-fraud-case\/\"  title=\"Continue Reading UBS Ordered to Pay Investor $693K in Puerto Rico Bond Fraud Case\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Financial Industry Regulatory Authority (FINRA) arbitration panel is ordering UBS Financial Services (UBS) and UBS Financial Services of Puerto Rico (UBS-PR) to pay investor Jose F. Pastrana $693K, including at least $564,559 in damages, legal fees, and other costs in its Puerto Rico bond fraud case. UBS also must buy back from Pastrana some [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,4051,4056,1],"tags":[3070],"class_list":["post-6651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-firms","category-puerto-rico-debt-crisis","category-puerto-rico-ubs-bond","category-uncategorized","tag-ubs-puerto-rico"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBS Ordered to Pay Investor $693K in Puerto Rico Bond Fraud Case &#8212; Investor Lawyers Blog &#8212; November 1, 2018<\/title>\n<meta name=\"description\" content=\"UBS Financial Services (UBS) and UBS Financial Services of Puerto Rico (UBS-PR) are ordered to pay an investor $693K, including at least $564,559 in damages, legal fees, and other costs in its 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\/ubs-ordered-to-pay-investor-693k-in-puerto-rico-bond-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UBS Ordered to Pay Investor $693K in Puerto Rico Bond Fraud Case &#8212; 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