Shepherd Smith Edwards & Kantas LLP Investigating Claims Of UBS Puerto Rico Bond Investors In San Juan, Bayamon, Carolina, And Ponce
SAN JUAN, Puerto Rico,
Nov. 12, 2013
Lawyers with the Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, , are investigating claims of UBS Puerto Rico bond investors in San Juan, Bayamon, Carolina, and Ponce. UBS Puerto Rico invested virtually every client it had very heavily into Puerto Rico municipal bonds, either through proprietary investment funds, or directly in the municipal bonds.
These investments Puerto Rico bonds and the UBS proprietary funds were marketed and recommended as conservative investments, despite the fact that there was ample information which UBS had which indicated otherwise. Many UBS clients are claiming their UBS brokers recommended that they leverage their accounts to increase their returns, either by borrowing money from UBS directly, or through another form of lending. A recommendation to leverage the investments multiplied the risks of the investment, which many investors did not understand.
Many customers have filed complaints alleging that these types of investment recommendations were in violation of applicable laws and regulations. If you are or were a customer of UBS in Puerto Rico within the last six years, contact the law firm of Shepherd, Smith, Edwards & Kantas LLP for an evaluation of your account to determine if you might have a claim to attempt to recover some or all of your losses. All communications will be kept strictly confidential, and you will not be billed in any way for a consultation.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. For more than two decades, our firm has represented thousands of investors throughout the United States, Puerto Rico, and internationally to recover losses suffered through brokerage firms and banks. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. More information can also be found on our blog at:
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