SEC charges UBS P.R., 2 execs with fraud
May 1, 2012
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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P.R. Conference: Brainstorming to jumpstart economy
March 20, 2012
The need to build on skills as a way to bring Puerto Rico’s economy back into positive ground will be the focus of at least one of the keynote addresses on the Puerto Rico Conference 2012 agenda slated to take place Mar. 28 at the Conrad San Juan Condado Plaza.
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Fitch affirms ratings on UBS, BPOP managed funds
August 16, 2011
Credit rating agency Fitch Ratings on Thursday reviewed and affirmed the ratings assigned to $691.8 million in notes and stock issued by 12 Puerto Rico Investors Tax-Free closed-end funds advised by UBS Asset Managers of Puerto Rico.
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SEC probe targets local UBS subsidiary over ’08 mutual bonds sale
February 4, 2011
UBS Financial Services Inc. of Puerto Rico is facing a possible lawsuit by the U.S. Securities and Exchange Commission, which recently issued a Wells notice regarding the sale of mutual funds that bought $1.5 billion in bonds that the Swiss-based bank had underwritten on the island, Bloomberg reported Friday.
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