In the Margins

Puerto Rico bond investments cost UBS $18.6m

December 7, 2016

By InvestmentNews

UBS Financial Services has lost an $18.6 million arbitration claim related to losses to clients who invested in Puerto Rico closed-end municipal bond funds. The FINRA award was the "largest to date" having to do with Puerto Rico bond funds, according to a FINRA spokeswoman. Read the original story from InvestmentNews.