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UBS brokers rack up expungements of Puerto Rico complaints
April 7 -
Jose Ramirez says he doesn't recognize the criminal mastermind portrayed in the SEC's complaint against him.
June 11 -
FINRA arbitrators ordered the wealth manager and closed-end funds manager to pay damages as it resolves outstanding claims stemming from the island’s fiscal crisis.
May 21 -
Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.
March 22 -
The wirehouse alleges two arbitrators failed to disclose key information about their professional and personal histories.
January 9 -
An arbitration panel ordered the wirehouse to settle the latest dispute stemming from client investment losses tied to the island commonwealth's massive debt crisis.
December 6 -
A FINRA panel ordered the wirehouse to pay damages to two former clients who invested in Puerto Rican municipal bonds and closed-end funds.
November 29 -
With a debt restructuring likely, analysts see potential investment opportunities on the island, where clients from firms like UBS have sought to recoup losses on closed-end funds of municipal bonds.
March 29 -
In the latest in a series of cases, an arbitration panel has sided with a client against UBS, ordering the wirehouse to pay nearly $1.5 million in damages related to UBS' sale of Puerto Rican bonds and closed-end funds.
February 22 -
A FINRA panel ordered the wirehouse to pay a client $95,000 for losses relating to bonds issued by the island commonwealth. By contrast, UBS says it faces more than $1 billion in similar claims.
February 1