As the Puerto Rico economy continues to falter, many investors are faced with staggering losses in their investments in UBS-affiliated closed-end bond funds. There appears to be a common theme among many of the investors, who bought the leveraged UBS-affiliated funds without understanding of the true nature or risks of the funds. Indeed, last year UBS paid a fine of more than $25 million for misrepresenting and omitting certain facts about the funds to investors. Investors who suffered Puerto Rico bond losses may be able to recover their losses through a Dimond Kaplan & Rothstein, P.A. has teamed up with Puerto Rico’s former two-term governor, Carlos Romero Barceló, to represent UBS Puerto Rico clients who lost money in UBS-affiliated closed-end bond funds.
