Puerto Rico Bond Fund Crisis

In 2013, investors in many Puerto Rico Closed End Bond Funds began to see the value of their holdings suffer a dramatic decline. In many cases, wealthy investors were sold millions in local municipal bond funds as conservative, safe investments, when some were not. Some brokers recommended investments in highly leveraged bond funds while encouraging clients to borrow money to double down on their investments. In some cases, investors have been forced to liquidate hundreds of millions of dollars in holdings in these funds to satisfy margin calls. If you sustained significant losses as a result of the Bond Fund Crisis in Puerto Rico call us for a free case evaluation.

Please contact us at 954-463-1929 to discuss your particular needs. We look forward to hearing from you.