Starting in approximately July 2019 through March 2020, APB offered $30 million worth of convertible promissory notes to investors located in Puerto Rico.
Any individual resident of Puerto Rico may invest in this Fund.
EVERTEC Inc. announced Wednesday that as a result of its failure to timely file its annual report for fiscal year ended Dec. 31, 2015, it has been warned by the New York Stock Exchange that it is not in compliance with listing requirements.
Doral Financial Corp. told the Securities and Exchange Commission Monday that the revised capital restoration plan submitted to the Federal Deposit Insurance Corp. last week was rejected for failing to “meet the criteria.”
Doral Financial Corp.’s stock plunged nearly 25 percent Wednesday after disclosing it had received a warning by Federal Deposit Insurance Corp. that it falls within its “significantly undercapitalized” category.
The problems at Doral Financial Corp. continued Tuesday, when it informed the Securities and Exchange Commission that it will be unable to file its first quarter results report for the period ended Mar. 31 this week, a day after the deadline passed.
Several high-ranking FirstBank executives are getting significant pay raises this year, through a combination of cash and stock, according to a filing submitted to the Securities and Exchange Commission this week.
Problems with internal reviews of data related to its allowance for loan and lease losses and the related provision for loan and lease losses will prevent Doral Financial Corp. to file its 2013 annual report in a timely manner with the Securities and Exchange Commission, the bank told the regulator Tuesday.
Three of the largest securities litigation law firms in the mainland U.S. — Bernstein Litowitz Berger & Grossmann LLP; Grant & Eisenhofer P.A.; and Kessler Topaz Meltzer & Check LLP — have joined forces with renown local lawyer, Andrés W. López, to discuss investors’ options and remedies for losses suffered from investments in UBS-offered Puerto […]
A day after the Securities and Exchange Commission absolved two of its top Puerto Rico financial advisors of charges of misleading or defrauding customers, UBS Financial Services looked to clear the air with its client base through an extensive letter in which it addressed a number of public allegations regarding its recent business practices.
Doral Financial Corp. informed the Securities and Exchange Commission Monday that it was unable to timely file its report for the quarter ended June 30, 2013 because of “a delay in the preparation of its unaudited consolidated financial statements for such quarter.”
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.
In an apparent response to public pressure, the Government Development Bank on Wednesday eliminated the restriction on the information it shared with the public on its website.
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