Puerto Rico Closed-End Funds

Jose Crescioni, with UBS Financial Services Inc. of Puerto Rico, facing five pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Crescioni has five pending customer complaints on his CRD, including four customer complaints filed between January and October 2020, totaling $3.6 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Crescioni and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Xavier Aguayo, with UBS Financial Services Inc. of Puerto Rico, facing five pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Aguayo has five pending customer complaints on his CRD, including two customer complaints filed in 2020, totaling $1.16 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Aguayo and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Ramon Almonte, with UBS Financial Services Inc. of Puerto Rico, facing 34 pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Ramon “Cholo” Almonte has thirty-four pending customer complaints on his CRD, including four customer complaints filed in 2020, totaling over $2 million in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Almonte and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.

Ricardo Eboli, with UBS Financial Services Inc. of Puerto Rico, facing ten pending customer disputes over Puerto Rico investments

Published on: December 9, 2020 | by Iorio Altamirano

Mr. Eboli has ten pending customer complaints on his CRD, including one customer complaint filed in August 2020 for $500,000 in claimed losses.

The claims allege that recommendations to invest in Puerto Rico municipal bonds and closed-end funds were unsuitable and led to overconcentration of the accounts in these securities. Further, the claims allege that Mr. Eboli and UBS misrepresented the safety of the investments.

Iorio Altamirano LLP es un bufete de abogados de arbitraje de valores con experiencia representando a inversionistas en todo el país ante el foro de pleitos de arbitraje de FINRA. Iorio Altamirano LLP tiene experiencia en pleitos de arbitraje sobre bonos municipales de Puerto Rico y fondos de bonos de Puerto Rico. Puede conocer más sobre nuestro bufete aquí.