It was an eventful week at Malecki Law with prominent stories in the press, speaking engagements at legal educational organizations, appointments to bar association committees, and introduction to securities fraud in different communities.
Malecki Law announced the filing of a $25 million FINRA claim against UBS Puerto Rico on behalf of seven former UBS brokers, following a mass departure of brokers from UBS Puerto Rico. In the Statement of Claim filed with FINRA, the registered former UBS representatives allege that UBS management misled its brokers and customers, and threatened and pressured the brokers to sell the the Puerto Rican closed-end fund products. This news generated a lot of interest amongst the financial media and has appeared in over 30 prominent financial websites and blogs including Market Watch, The Street, and Caribbean Business News. Subsequently, this news announcement has generated a great deal of interest in the legal and financial professionals’ community.
Securities Fraud is not a problem isolated only to large cities like New York City. Hard working people in towns and cities nationwide find themselves the victims of investment fraud every day from rural Texas to downtown Chicago. Therefore, Malecki Law introduced a Communities section on their www.aboutsecuritieslaw.com website to make individuals around the country aware of historic and actively suspicious financial schemes.