Thursday, June 30, 2016

$418,262 De Jesus v UBS of Puerto Rico Award

In June 2016, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay at least $418,262 in compensatory damages based on a comparison to a portfolio of 80% taxable US bonds and 20% US stocks, attorneys' fees, costs including expert witness fees, prejudgment interest and forum fees. You can read the award here. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS Puerto Rico municipal bond closed end funds.

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