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

A Seat at the Table
We've had A Seat at the Table — for 10 years

The very first independent chair we profiled for FBV was Leigh Wilson at Victory Funds, for our A Seat at the Table section. Victory Capital Management had recently redefined itself ...

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...