New York, New York (PRWEB) March 14, 2014
Zamansky LLC announces it has filed a FINRA arbitration against Oriental Financial Services Corp. ("Oriental") on behalf of an investor with $800,000 in alleged losses suffered in Puerto Rican municipal bonds and closed-end bond funds. The case is FINRA TN 1400376.
The Statement of Claim in the arbitration alleges that the claimant, a 57 year-old conservative investor, suffered $800,000 in losses from an unsuitable, over-concentration of a brokerage account held by her personal trust in Puerto Rican municipal bonds and bond funds. The Statement of Claim asserts that there was insufficient risk disclosure to her of the risks of the investments in her brokerage account, and that Oriental failed to advise her to diversify when the Puerto Rican economy and credit ratings deteriorated.
Stock fraud attorney Jacob Zamansky has described what is happening in Puerto Rico as the "Hurricane Katrina of financial crises." Any investor who purchased or held large positions of Puerto Rican municipal bonds or bond funds should consult a professional to discuss his or her legal rights, Zamansky states.
What Investors Can Do
If you are an investor who has suffered a loss from a Puerto Rican bond or bond fund, or you would like to have your accounts reviewed, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm specializing in securities arbitration and securities class actions. Our stock fraud attorneys represent both individual and institutional investors. Our stockbroker fraud practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414