Securities Law

The UBS Puerto Rico family of funds consists of 14 closed-end funds, sold exclusively through registered representatives and brokers with UBS Financial Services Inc. of Puerto Rico. During the past decade through the end of 2012, UBS reportedly has sold roughly $10 billion worth of these funds. Now the values of the funds are in

There’s a really good article today on the website Author Brad Klontz, a certified financial planner and financial psychologist, cogently explains the flaw in the traditional way brokers, investment advisors, and financial planners assess a new client’s risk tolerance. According to Klontz, the usual practice of using questionnaires or checklists to have the client

FINRA issued a report today entitled Financial Fraud and Fraud Susceptibility in the United States (.pdf). The name is cumbersome, but the report is illuminating. Fraudsters target nearly everyone, but older Americans are most vulnerable. The FINRA Investor Education Foundation conducted a survey of 2364 individuals age 40 or older. More than 80% of respondents

When your stockbroker calls or meets with you to recommend an investment, there are a lot of things you ought to know before you agree to invest. Here are five questions you should always ask. 1. Why is this investment suitable for me? Every investment a broker recommends must be consistent with a host of factors

The group is investigating potential individual and group claims concerning mortgage-backed securities sold by Bear Stearns and/or EMC Mortgage, including the following: Bear Stearns Alt-A Trust Bear Stearns Asset Backed Securities I Trust Bear Stearns Asset Backed Securities Trust Bear Stearns Mortgage Funding Trust Bear Stearns Second Lien Trust SACO I Trust Structured Asset