UBS Puerto Rico Municipal Bond Fund Lawyers

Harvey Kirk

By Harvey Kirk
Posted October 21, 2013


The financial fraud lawyers at Saiontz & Kirk, P.A. are reviewing potential investor claims for individuals who have suffered financial losses in UBS Puerto Rico bond funds, which have dripped significantly amid a financial crisis for the island territory.

UBS Financial Services and other investment firms have heavily placed investors in Puerto Rico Municipal Bond Funds, raising serious questions about the brokerage firms handling of the investment and recommendations made to investors. Financial compensation may be available for individuals who have suffered financial losses of more than $25,000 from investments in the following UBS managed funds:

  • Puerto Rico AAA Portfolio Target Maturity Fund
  • Puerto Rico GNMA US Government Target Maturity Fund
  • Puerto Rico Fixed Income Fund
  • Puerto Rico Fixed Income Fund II
  • Puerto Rico Fixed Income Fund III
  • Puerto Rico Fixed Income Fund IV
  • Puerto Rico Fixed Income Fund V
  • Tax-Free Puerto Rico Fund, Inc.
  • Tax-Free Puerto Rico Fund II, Inc.
  • Tax-Free Puerto Rico Target Maturity Fund, Inc.
  • Tax Free Puerto Rico Fund
  • Puerto Rico AAA Portfolio Bond Fund
  • Puerto Rico AAA Portfolio Bond Fund II

All investor claims are handled by our law fimr on a contingency fee basis, which means that there are never any out-of-pocket expenses to hire a lawyer and we receive no attorney fees unless a recovery is obtained. Request a free consultation and claim evaluation.

UBS Puerto Rico Bond Investment Problems

Stock Broker Fraud Lawyers

Have You Had UBS Puerto Rico Bond Fund Losses Over $50K?


In May 2012, the U.S. Securities and Exchange Commission (SEC) filed charges against UBS’s Puerto Rico subsidiary and issued a cease-and-desist order, claiming that the company has mislead its investors, concealed serious liquidity problems and tried to mask its involvement in nearly two-dozen closed-end mutual funds. Eventually, the company reached a settlement designed to disgorge it of profits and paid back some investors for their losses.

However, the funds have continued to face problems and UBS is again under investigation, looking into claims that investment brokers were encouraging investors to buy securities on a line of credit. One broker has already been placed on administrative leave.

For years, Puerto Rico municipal bonds have promoted by UBS and other brokers due to the high yields returned and special tax breaks provided. However, the island territory has suffered an economic crisis that has now pushed those funds into junk bond territory.

As the bonds have fallen in value, it has been revealed that UBS and other brokerage firms may have over-invested in the bonds and did not adequately explain the risk to their investors.

UBS Puerto Rico Bond Fund Investor Class Action Lawsuits

A number of UBS Puerto Rico Bond Fund lawsuits have already been filed with the Financial Industry Regulatory Authority (FINRA), which handles investor arbitration claims against brokerages.

The financial fraud attorneys at Saiontz & Kirk are investigating individual investor claims, as well as reviewing the potential for class action lawsuits over UBS Puerto Rico municipal bond losses due to the brokerage firm’s failure to adequately warn investors of the risks they were undertaking and for failing to disclose the extent of investment in the bonds.

To review a potential claim for yourself, a friend or family member who experienced Puerto Rico bond fund losses, Request a free consultation and claim evaluation.

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