Standard & Poor’s (“S&P”) downgraded Puerto Rico’s General Obligation bond rating even further into junk bond status from B to CCC+. S&P based its downgrade on the belief that Puerto Rico’s financial stability has weakened even further, raising ever growing concerns about Puerto Rico’s ability to meet its financial commitments. This most recent bond rating downgrade could spell even further losses for investors who hold Puerto Rico bonds or Puerto Rico bond funds. Puerto Rico investors already have lost billions of dollars in UBS Puerto Rico’s risky, leveraged closed-end bond funds and they could lose even more money now.

DKR represents more than 100 investors who have lost money in UBS Puerto Rico closed-end bond funds and Puerto Rico municipal bonds. We are pursuing numerous FINRA arbitration claims against UBS on behalf of our clients in an effort to recover those bond fund investment losses. The claims we are pursuing include allegations that the UBS misled Puerto Rico investors about the risk of the UBS bond funds. UBS also made unsuitable investment recommendations when it recommended that investors buy over-concentrated positions in the risky UBS Puerto Rico funds.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182