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Recover UBS Puerto Rico Closed-End Bond Fund and Municipal Bond Losses

UBS Puerto Rico Closed-End Bond Funds

There may be hope for investors to recover their losses in the UBS Puerto Rico Closed-end Bond Funds and Puerto Rico Municipal Bonds. Many investors were advised by UBS Financial Services of Puerto Rico toinvest in UBS managed Puerto Rico Fixed Income Funds and UBS Puerto Rico Investors Tax Free Funds. UBS Financial Services of Puerto Rico is obligated to give, investors unbiased, accurate information and suitable investment advice. However, as the manager and/or co-manager, and syndication underwriter for the UBS Puerto Rico Family of Funds, UBS wore many hats and may have violated its duties to investors. We are currently investigating claims for investor losses in the following Puerto Rico municipal bonds and UBS proprietary bond funds:

Currently Managed by UBS Asset Managers of Puerto Rico:

  • UBS Puerto Rico Fixed Income Funds (I-VI)
  • Tax-Free Puerto Rico Funds (I-II)
  • Tax-Free Puerto Rico Target Maturity Fund
  • Puerto Rico AAA Portfolio Target Maturity Fund
  • Puerto Rico AAA Portfolio Bond Funds (I-II)
  • Puerto Rico GNMA & U.S. Government Target Maturity Fund
  • Puerto Rico Mortgage-Backed & U.S. Government Securities Fund

Puerto Rico Investors Family of Funds (Co-managed with Popular Asset Management):

Puerto Rico Municipal Bonds

Puerto Rico Municipal Bonds issued for public finance which are currently under review by Moody’s rating agency for potential credit ratings downgrades, include:

  • Puerto Rico Public Finance Corporation (PRPFC) Commonwealth appropriation bonds
  • Puerto Rico Aqueduct and Sewer Authority (PRASA) revenue bonds
  • Puerto Rico Highway and Transportation Authority (PRHTA) subordinate transportation revenue bonds
  • Puerto Rico (Commonwealth) General Obligation bonds
  • Puerto Rico Public Building Authority bonds
  • Puerto Rico Pension funding bonds
  • Puerto Rico Infrastructure Finance Authority (PRIFA)special tax revenue bonds
  • Convention Center District Authority hotel occupancy tax revenue bonds
  • Government Development Bank senior notes
  • Municipal Finance Authority bonds
  • Puerto Rico Highway and Transportation Authority (PRHTA) transportation revenue bonds
  • Puerto Rico Aqueduct and Sewer Authority (PRASA) Commonwealth guaranteed bonds

Silver Law Group and its co-counsel has filed multiple FINRA arbitration claims on behalf of its clients against UBS and other brokerage firms for losses in Puerto Rico proprietary closed-end bond funds and individual municipal bond funds. Investors have alleged that the bond investments were pushed on retail investors without disclosure of all the risks associated with the bond investments or the markups which would be charged on the bond investments.