Two locally recognized executives, Miguel A. Ferrer and Gabriel Hernández, have pooled their knowledge to launch a publication entitled “Puerto Rico is the Answer” that highlights the advantages Puerto Rico offers in a wide range of sectors to the investment community.
Transparency and free-flowing information on the government’s behalf are crucial to keeping the island’s standing in the U.S. credit market, which is keeping close tabs on what is being done locally, several representatives of the investment community said Thursday during the first day of the Puerto Rico Credit Conference in San Juan.
The Securities and Exchange Commission on Tuesday charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors, concealing a liquidity crisis, and masking its control of the secondary market for 23 proprietary closed-end mutual funds.
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