Suing UBS and Broker Antonio A. Lopez Villafane
Stoltmann Law Offices is investigating Antonio A. Lopez Villafane, a current broker with UBS in Puerto Rico. He is accused of selling UBS proprietary closed-end Puerto Rican bond funds, which were heavily invested in Puerto Rico’s municipal bonds. These bonds have suffered devastating losses over the past year, and Stoltmann Law Offices is currently representing dozens of clients who have lost money in the bond funds. UBS can be held responsible for losses because they had a duty to reasonably supervise their brokers who sold the funds. Brokers also have a duty to recommend suitable recommendations to their clients, based on their age, net worth, investment strategy and savvy, and if they do not, is a violation of securities rules and regulations.
Villafane is registered with UBS Financial Services in San Juan, Puerto Rico and has been since February 1991. He has 33 customer disputes against him, 25 of which are currently pending, according to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report. Please call our Chicago-based law firm at 312-332-4200 as soon as possible, because time is of the essence. The call is free with no obligation. We take cases on a contingency fee basis only, so we only get paid if you recover money.
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