Investor Alert – Puerto Rico COFINA Bonds
The White Law Group continues to investigate the liability that broker-dealers may have for improperly recommending the Puerto Rico COFINA bonds to investors. The firm has received numerous calls from investors who have suffered significant investment losses in Puerto Rico COFINA Bonds.
Puerto Rico has been struggling with compounding debt and economic decline leading to the largest municipal bankruptcy filing in history in May 2017. As a result, the value of Puerto Rico’s municipal tax-free bonds has dropped drastically. Both U.S. and Puerto Rican investors have suffered bond losses totaling hundreds of thousands of dollars.
Puerto Rico COFINA Bonds Recovery Options
The White Law Group continues to investigate the liability that brokerage firms may have for improperly selling Puerto Rico COFINA Bonds to investors.
Broker dealers are required to perform adequate due diligence on all investment recommendations to ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
Fortunately, the Financial Industry Regulatory Authority (FINRA) does provide for an arbitration forum for investors to resolve such disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.
FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States.
If you suffered losses investing in Puerto Rico COFINA Bonds, the attorneys at The White Law Group may be able to help you recover your losses. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in claims against their brokerage firm.
For a free consultation with one of the firm’s securities attorneys, please call (888) 637-5510.
For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.