SAN JUAN, PR – July 16, 2019 – (GLOBE NEWSWIRE – HISPANICIZE WIRE) – Shepherd, Smith, Edwards & Kantas (SSEK Law Firm) continues to investigate and file cases on behalf of Puerto Rico bondholders and investors in closed-end funds concentrated in Puerto Rico bonds to recover their financial losses from various financial firms. SSEK Law Firm has filed several lawsuits against the brokerage firms involved with selling these products and is focused on assisting customers recoup their maximum compensation for their losses before the door closes on holding these firms accountable. These firms are alleged to have been involved in selling these unsuitable investments to their customers:
UBS Financial Services Inc. of Puerto Rico
Popular Securities, LLC
Santander Securities, LLC
Oriental Financial Services, Corp.
Many residents of Puerto Rico that were sold these investments have suffered devastating financial losses and stress as a result of their investment losses. Numerous customers of these brokerage firms have filed complaints against these firms and their brokers for fraud, unsuitability, negligence, and other abuses. While UBS was the most active brokerage firm selling these products, even going so far as to create proprietary bonds and closed-end funds heavily invested in Puerto Rico bonds, each of these firms has had several complaints filed by their customers whose accounts were heavily invested in these products.
If you or someone you know invested in Puerto Rican bond funds and suffered losses, please contact the law firm of Shepherd, Smith, Edwards & Kantas, LLP today for a free, confidential evaluation of your account(s). We have a team of attorneys, consultants, and staff with over 100 years of combined experience in the securities industry and in securities law that are ready to assist you in recovering your investment losses today.