Update For Puerto Rico Municipal Bond Victims in the Wake of Puerto Rico’s Bankruptcy Filing
Recently, Puerto Rico filed for bankruptcy, which is the largest filing in U.S. Municipal history. Stoltmann Law Offices is interested in speaking to those clients who have invested with UBS in Puerto Rico closed-end municipal bonds. UBS and its brokers recommended and sold the bonds, which were closely tied to the performance of Puerto Rico’s economy and not suitable for all investors. Many of the brokers did not understand or disclose the risks associated with these bonds, which led to investors losing a lot of money. The UBS brokers also overconcentrated portfolios in these bonds, leading to losses as well. We are securities attorneys based in Chicago, Illinois who have represented dozens of clients who have lost money in Puerto Rican closed-end bond funds. Please call us today at 312-332-4200 for a free consultation with an attorney about whether we may be able to help you bring a claim against UBS in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis to help you recover your losses.
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