Investor Arbitration Cases Down 14% So Far This Year: FINRA
FINRA reports a significant drop in investment arbitration claims this year, despite an increase throughout 2016.
FINRA reports a significant drop in investment arbitration claims this year, despite an increase throughout 2016.
UBS has been ordered to pay nearly $19 million to a couple who says the company's mismanagement of its Puerto Rico bond funds cost them millions in damages.
The SEC and FINRA have fined UBS $33.5 million over its handling of Puerto Rico bond funds.
FINRA has lifted its hold on Puerto Rico bond fund claims, saying it has hired enough arbitrators who are willing to go to Puerto Rico to arbitrate the cases.
FINRA has placed a stay on UBS Puerto Rico bond fund claims, saying it doesn't have enough arbitrators to handle the flood of cases.
Expect junk status for Puerto Rico bonds within a month, UBS analysts warn, as the company is targeted by investors who claim they were defrauded by UBS Puerto Rico bonds.
UBS investor in Puerto Rico Bond funds may have lost $1.66 billion over the first three quarters of 2013, according to a new report.
UBS faces arbitration claims alleging it mislead investors about the safety of Puerto Rico bond funds as the company launches a buyback program to address complaints.
An Administrative law judge has dismissed a complaint against UBS by the SEC over Puerto Rico Municipal Bond Funds.
The SEC is investigating claims of financial fraud by a number of investment firms involving Puerto Rico bond funds.