The allegations read: Time frame: 2010-present
claimants allege that they were damaged as a result of unsuitable and materially misleading investment advice given by ubs concerning: (1) unsuitable overconcentration of their brokerage accounts into ubs pr's proprietary closed-end funds and puerto rican municipal bonds; (2) misleading advice and risk disclosure failures concerning the closed-end funds and municipal bonds; and (3) failing to properly and suitably advise them when the closed-end funds and puerto rican municipal bonds became too risky for them due to credit and economic deteriorations in puerto rico.
