{"id":52669,"date":"2017-05-03T19:40:00","date_gmt":"2017-05-03T20:39:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-shepherd-smith-edwards-kantas-llp-ubs-financial-services-inc-and-ubs-financial-services-of-puerto-rico-ordered-to-pay-millions-to-some-investors-after-claims-involving-ubss-proprie\/"},"modified":"2017-05-08T15:24:28","modified_gmt":"2017-05-08T19:24:28","slug":"shepherd-smith-edwards-kantas-llp-a-ubs-financial-services-inc-y-a-ubs-financial-services-of-puerto-rico-se-les-ordena-pagar-millones-a-algunos-inversionistas-a-raiz-de-reclamaciones-que-invol","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/shepherd-smith-edwards-kantas-llp-a-ubs-financial-services-inc-y-a-ubs-financial-services-of-puerto-rico-se-les-ordena-pagar-millones-a-algunos-inversionistas-a-raiz-de-reclamaciones-que-invol\/","title":{"rendered":"Shepherd Smith Edwards &amp; Kantas LLP: UBS Financial Services Inc. And UBS Financial Services Of Puerto Rico Ordered To Pay Millions To Some Investors After Claims Involving UBS&#8217;s Proprietary Puerto Rican Bond Funds"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN JUAN, Puerto Rico<\/span>, <span class=\"xn-chron\">May 3, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; UBS Financial Services Inc. and UBS Financial Services of <span class=\"xn-location\">Puerto Rico<\/span> (collectively &#8220;UBS&#8221;) have been ordered to pay several investors in <span class=\"xn-location\">Puerto Rico<\/span> millions of dollars in compensation by several FINRA arbitration panels for losses the investors suffered in <span class=\"xn-location\">Puerto Rico<\/span> bonds and UBS&#8217;s Closed-End Puerto Rico bond funds (the &#8220;Funds&#8221;).\u00a0 <\/p>\n<div id=\"prni_dvprnejpg5413left\" style=\"TEXT-ALIGN: left; WIDTH: 100%\"><img decoding=\"async\" id=\"prnejpg5413left\" title=\"Shepherd Smith Edwards &amp; Kantas LLP. (PRNewsFoto\/Shepherd Smith Edwards &amp; Kantas LLP)\" border=\"0\" alt=\"Shepherd Smith Edwards &amp; Kantas LLP. (PRNewsFoto\/Shepherd Smith Edwards &amp; Kantas LLP)\" align=\"middle\" src=\"http:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg\"\/><\/div>\n<p>Many investors have claimed UBS improperly invested their money into UBS Bond Funds.\u00a0 These funds, which were not traded on any exchange, were typically leveraged 2 to 1, resulting in them being concentrated geographically and highly leveraged, greatly increasing the risk.\u00a0 To make matters worse, some investors claim that they were advised to borrow additional money from UBS and use that money to buy yet more bond funds and other <span class=\"xn-location\">Puerto Rico<\/span> bonds (using leverage to buy leveraged funds).\u00a0 This type of investing, which was forbidden yet, apparently so rampant that UBS has given it a name \u2013 &#8220;loan recycling&#8221; \u2013 greatly increases an investor&#8217;s risk and profits to the firm.\u00a0 Ultimately, these investors, along with many other <span class=\"xn-location\">Puerto Rico<\/span> investors, lost millions of dollars of their savings when the market for <span class=\"xn-location\">Puerto Rico<\/span> bonds collapsed in 2013.<\/p>\n<p>Many of these investors have filed claims against UBS seeking recovery for those losses.\u00a0 Lawyers with the law firm Shepherd, Smith, Edwards, &amp; Kantas LLP recently obtained an award on behalf of one Puerto Rican client ordering UBS to pay approximately <span class=\"xn-money\">$9 million<\/span> for losses the investors incurred.\u00a0 Other arbitration panels have ordered UBS to pay awards of roughly <span class=\"xn-money\">$9 million<\/span> and <span class=\"xn-money\">$15 million<\/span>.<\/p>\n<p>If you are or were a client of UBS, or suffered losses in any other municipal bond investments made at the recommendation of your broker, contact the law firm of Shepherd, Smith, Edwards &amp; Kantas LLP for a free, confidential evaluation of your account.\u00a0 We have a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. More information can also be found on our blog at <a target=\"_blank\" href=\"http:\/\/www.stockbrokerfraudblog.com\/2013\/10\/puerto_rico_municipal_bonds.html\" rel=\"nofollow\">http:\/\/www.stockbrokerfraudblog.com\/2013\/10\/puerto_rico_municipal_bonds.html<\/a>. <\/p>\n<p>Contact Info: 800-259-9010<\/p>\n<p>713-580-8914 to speak to Spanish fluent staff<\/p>\n<p><span class=\"xn-person\">Sam Edwards<\/span> <a target=\"_blank\" href=\"mailto:sedwards@sseklaw.com\" rel=\"nofollow\">sedwards@sseklaw.com<\/a><\/p>\n<p><span class=\"xn-person\">Kirk Smith<\/span> <a target=\"_blank\" href=\"mailto:ksmith@sseklaw.com\" rel=\"nofollow\">ksmith@sseklaw.com<\/a><\/p>\n<p><span class=\"xn-person\">Luis Acevedo<\/span> <a target=\"_blank\" href=\"mailto:lacevedo@sseklaw.com\" rel=\"nofollow\">lacevedo@sseklaw.com<\/a><\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"http:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg\" rel=\"nofollow\">http:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg<\/a><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN JUAN, Puerto Rico<\/span>, <span class=\"xn-chron\">May 3, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; UBS Financial Services Inc. and UBS Financial Services of <span class=\"xn-location\">Puerto Rico<\/span> (collectively &#8220;UBS&#8221;) have been ordered to pay several investors in <span class=\"xn-location\">Puerto Rico<\/span> millions of dollars in compensation by several FINRA arbitration panels for losses the investors suffered in <span class=\"xn-location\">Puerto Rico<\/span> bonds and UBS&#8217;s Closed-End Puerto Rico bond funds (the &#8220;Funds&#8221;).\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":52670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-52669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/52669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=52669"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/52669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/52670"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=52669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=52669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=52669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}