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Moody’s Investors Service & Fitch Ratings Downgrades Puerto Rico Debt to Junk

Posted on Articles of Interest February 13, 2014 by admin

Moody’s Investors Service & Fitch Ratings Downgrades Puerto Rico Debt to Junk Moody’s Investors Service on Friday became the second rating agency to downgrade Puerto Rico’s debt to junk, expressing concern about Puerto Rico’s cash-strapped weak economy and its ability to borrow. Moody’s stated that is now rates Puerto Rico’s general obligation bonds at Ba2 Read more

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Puerto Rico’s Government to Cut Budget After Credit Downgrade

Posted on Articles of Interest February 13, 2014 by admin

Just one day after credit rating agency Standard and Poor’s downgraded Puerto Rico’s debt to junk status, Puerto Rican officials proposed new measures geared towards boosting Puerto Rico’s economy and appeasing bondholders. According to U.S. News & World Report, Puerto Rico’s governor, Alejandro Garcia Padilla, said he is renegotiating loans for which payments are due Read more

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What Does 2014 Have In Store For UBS Puerto Rico Bond Fund Investors?

Posted on Articles of Interest February 13, 2014 by admin

UBS Puerto Rico investors are now facing a very harsh reality in 2014. In an article dated February 4, 2014, the New York Times reported the devastating news that Standard & Poor’s had downgraded Puerto Rico’s debt to junk status. According to the New York Times, S&P – which lowered Puerto Rico’s debt rating from Read more

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Former Prosecutors with the U.S. SEC Join to Help Investors in Puerto Rico

Posted on Articles of Interest November 30, 2013 by admin

Former Prosecutors with the U.S. Securities and Exchange Commission Join Forces to Assist Investors in Puerto Rico Three former prosecutors from the United States Securities and Exchange Commission (“SEC”) have teamed together to assist investors who are experiencing significant losses as a result of the Bond Fund crisis in Puerto Rico. Walter J. Mathews with Read more

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U.S. SEC Judge Dismisses Complaint Against UBS Puerto Rico Executes

Posted on Articles of Interest October 30, 2013 by admin

U.S. SEC Judge Dismisses Complaint Against UBS Puerto Rico Executes. In an Initial Decision dated October 29, 2013, a Securities and Exchange Commission Judge dismissed a complaint against two top executives of UBS Puerto Rico. While UBS Puerto Rico agreed to settle the SEC’s charges by paying $26.6 million, Messrs. Ferrer and Ortiz successfully challenged Read more

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Former SEC Prosecutors Investigate Investments in Puerto Rico Bond Funds

Posted on Articles of Interest October 9, 2013 by admin

Former SEC Prosecutors Investigate Investments in Puerto Rico Bond Funds. Former SEC prosecutors Water J. Mathews, James D. Sallah and Mark David Hunter announce their joint effort to investigate investor losses in the following funds: Puerto Rico AAA Portfolio Target Maturity Fund Puerto Rico GNMA US Government Target Maturity Fund Puerto Rico Fixed Income Fund Read more

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Former SEC Prosecutors Visit Puerto Rico.

Posted on Articles of Interest October 8, 2013 by admin

Former SEC Prosecutors Visit Puerto Rico.

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Former SEC Prosecutors Walter J. Mathews & James D. Sallah Conducted a Fact Finding Trip to San Juan

Posted on Articles of Interest October 7, 2013 by admin

Former SEC prosecutors Walter J. Mathews and James D. Sallah conducted a fact finding trip to San Juan, Puerto Rico. Both attorneys found it invaluable to hit the ground and discuss topics of concern with the residents of Puerto Rico who are suffering investor losses. The team of attorneys working on this matter can schedule Read more

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Internal Investigation with UBS Brokers in Puerto Rico

Posted on Articles of Interest October 7, 2013 by admin

Internal Investigation with UBS Brokers in Puerto Rico.

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UBS Customers in Puerto Rico Saw a Huge Decline in Value of Their Municipal Bond Funds

Posted on Articles of Interest October 2, 2013 by admin

The New York Times reported that UBS customers in Puerto Rico saw a huge decline in value of their municipal bond funds. This decline caused many UBS clients to liquidate their funds to cover the margin calls. UBS has begun an internal investigation into the lending practices of some of their top brokers. Some of Read more

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