Monday, October 29, 2018

$564,559 Pastrana v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in San Juan, PR ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay at least $564,559 in compensatory damages, attorney's fees and costs. The panel also ordered UBS to repurchase certain closed end funds at their account statement values. You can read the award here. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS PR closed end funds and individual Puerto Rico municipal bonds.

Friday, October 19, 2018

$19 Million Moyett v UBS of Puerto Rico Award

In October 2018, a FINRA arbitration panel in Atlanta, GA ordered UBS Financial Services and UBS Financial Services of Puerto Rico to pay $14,909,019 in compensatory damages, plus attorneys’ fees of $3,878,345 and costs of $215,557. You can read the award here. Dr. McCann testified on liability and damages over UBS Puerto Rico's sale of UBS PR closed end funds and individual Puerto Rico municipal bonds.