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.

 

 

Most Read

Top of the Agenda - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...