{"id":64952,"date":"2018-10-31T15:08:00","date_gmt":"2018-10-31T16:54:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-ubs-financial-services-inc-and-ubs-financial-services-of-puerto-rico-ordered-to-pay-investor-approximately-19-million-for-losses-involving-ubss-proprietary-puerto-rican-bond-funds\/"},"modified":"2018-10-31T15:10:02","modified_gmt":"2018-10-31T19:10:02","slug":"se-ha-ordenado-a-ubs-financial-services-inc-y-ubs-financial-services-of-puerto-rico-pagar-a-inversionistas-19-millones-por-perdidas-relacionadas-con-los-fondos-de-bonos-de-puerto-rico-de-propiedad-d","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/se-ha-ordenado-a-ubs-financial-services-inc-y-ubs-financial-services-of-puerto-rico-pagar-a-inversionistas-19-millones-por-perdidas-relacionadas-con-los-fondos-de-bonos-de-puerto-rico-de-propiedad-d\/","title":{"rendered":"UBS Financial Services Inc. And UBS Financial Services Of Puerto Rico Ordered To Pay Investor Approximately $19 Million For Losses 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\">Oct. 31, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0UBS Financial Services Inc. and UBS Financial Services of <span class=\"xn-location\">Puerto Rico<\/span> (collectively &#8220;UBS&#8221;) were recently ordered to pay approximately <span class=\"xn-money\">$19,000,000<\/span> for losses <span class=\"xn-location\">Puerto Rico<\/span> investors incurred in UBS&#8217;s Closed-End Puerto Rico bond funds (the &#8220;Funds&#8221;) and <span class=\"xn-location\">Puerto Rico<\/span> bonds.\u00a0 These investors also complained about the use of leverage in connection with these investments.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p><img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/334439\/shepherd_smith_edwards___kantas_llp_logo.jpg\" title=\"Shepherd Smith Edwards &amp; Kantas LLP. (PRNewsFoto\/Shepherd Smith Edwards &amp; Kantas LLP)\" \/><\/p>\n<\/p><\/div>\n<p>UBS has been ordered to pay tens of millions of dollars in various arbitration claims to date, including awards of approximately <span class=\"xn-money\">$9 million<\/span>, <span class=\"xn-money\">$15 million<\/span>, <span class=\"xn-money\">$18 million<\/span>, and now <span class=\"xn-money\">$19 million<\/span>.\u00a0 The UBS bond funds at issue in many of these cases were not traded on any exchanges, involved high amounts of leverage, and were heavily concentrated into a single geographic area, which exposed the investors to high amounts of risk.\u00a0 In some instances, investors have alleged their brokers advised them to borrow additional money from UBS to invest in these securities, which would tremendously increase the risks involved.\u00a0 In many instances, the clients have alleged that they were told this was a safe strategy that would not put their money at substantial risk.<\/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. <\/p>\n<p>Contact Info: 800-259-9010<\/p>\n<p>713-580-8914 to speak to Spanish fluent staff\u00a0 <\/p>\n<p><span class=\"xn-person\">Sam Edwards<\/span> <a target=\"_blank\" href=\"mailto:sedwards@sseklaw.com\" rel=\"nofollow\">sedwards@sseklaw.com<\/a>\u00a0 <\/p>\n<p><span class=\"xn-person\">Kirk Smith<\/span> <a target=\"_blank\" href=\"mailto:ksmith@sseklaw.com\" rel=\"nofollow\">ksmith@sseklaw.com<\/a>\u00a0\u00a0 <\/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>SOURCE  Shepherd Smith Edwards &amp; Kantas LLP<\/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\">Oct. 31, 2018<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0UBS Financial Services Inc. and UBS Financial Services of <span class=\"xn-location\">Puerto Rico<\/span> (collectively &#8220;UBS&#8221;) were recently ordered to pay approximately <span class=\"xn-money\">$19,000,000<\/span> for losses <span class=\"xn-location\">Puerto Rico<\/span> investors incurred in UBS&#8217;s Closed-End Puerto Rico bond funds (the &#8220;Funds&#8221;) and <span class=\"xn-location\">Puerto Rico<\/span> bonds.\u00a0 These investors also complained&#8230;<\/p>\n","protected":false},"author":1,"featured_media":64956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-64952","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\/64952","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=64952"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/64952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/64956"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=64952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=64952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=64952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}