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.
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.
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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