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.

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