Losses On Puerto Rico Bond Funds Purchased From UBS?

Losses On Puerto Rico Bond Funds Purchased From UBS? https://blog.rexsecuritieslaw.com/wp-content/themes/movedo/images/empty/thumbnail.jpg 150 150 Rex Securities Law Rex Securities Law https://secure.gravatar.com/avatar/fdf83cd1ed57a0f07270ad756fbea2eb?s=96&d=mm&r=g October 10, 2013 October 18, 2014

By Robert H. Rex, Esq.

If you purchased some of the more than $10 billion in UBS proprietary Puerto Rico bond funds and have suffered losses as a result, you may be able to recover damages through FINRA arbitration.

The bond funds include the following:

Tax-Free Puerto Rico Fund, Inc

Tax-Free Puerto Rico Fund II, Inc.

Tax-Free Puerto Rico Target Maturity Fund, Inc.

Puerto Rico AAA Portfolio Target Maturity Fund, Inc.

Puerto Rico AAA Portfolio Bond Fund, Inc.

Puerto Rico AAA Portfolio Bond Fund II, Inc.

Puerto Rico GNMA & U.S. Government Target Maturity Fund, Inc.

Puerto Rico Mortgage-Backed & U.S. Government Securities Fund, Inc.

Puerto Rico Fixed Income Fund, Inc.

Puerto Rico Fixed Income Fund II, Inc.

Puerto Rico Fixed Income Fund III, Inc.

Puerto Rico Fixed Income Fund IV, Inc.

Puerto Rico Fixed Income Fund V

Puerto Rico Fixed Income Fund VI, Inc

It is believed that many investors were sold these investments on margin or by other financing methods raising the issue of the suitability of such a recommendation. Puerto Rico’s contracting economy has caused many of these investments to decline in value dramatically making it difficult for investors relying on the promised distributions to meet daily living expenses.

This is not the first time UBS has had issues with the sale of Puerto Rican municipals. See this for more information.

To discuss your options for recovery of damages with an experienced securities attorney, call us at 561 391 1900.

Nationwide representation.

Rex Securities Law

Losses On Puerto Rico Bond Funds Purchased From UBS?