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Articles Posted in Bonds

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UBS Puerto Rico Fined $3.6 Million and to Pay $1.7 Million in Restitution to Customers of its Bond Funds

On October 9, 2014, Puerto Rico’s Office of the Commissioner of Financial Institutions (OCFI) has settled its claims with UBS Financial Services Incorporated of Puerto Rico (UBS Puerto Rico) over UBS’s sale of closed-end mutual funds in Puerto Rico. The OCFI conducted a routine examination from October 15, 2013 through…

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Are You Investing in Bad Bond Funds?

Bad may be a little strong. There are not magic signs to determine if you have a bad bond fund. However, as Morningstar explains, there are red flags that investors can look at to determine if they are in a fund that is likely to fail. If a fund has…

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