Wednesday, January 11, 2017
$25 million Gomez v UBS of Puerto Rico Award
In January 2017, a FINRA arbitration panel in San Juan, PR ordered UBS
Financial Services and UBS Financial Services of Puerto Rico to pay at least
$18,215,000 in compensatory damages, punitive damages, attorneys' fees and
expert witness costs. It also denied the Respondents' Counterclaim to
recover a large debit balance. 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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