$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.