Close

Articles Posted in Puerto Rico CEFs

Updated:

UBS Loses FINRA Arbitration Involving Puerto Rico Closed-End Fund (CEF)

A FINRA arbitration panel awarded $1 million to an investor whose portfolio was over-concentrated in UBS Puerto Rico closed-end bond funds. The 66 year-old conservative investor reportedly “lost $737,000 of his nearly $1 million portfolio when the value of UBS’ Puerto Rico municipal bond funds collapsed in the fall of…

Contact Us