Puerto Rico’s economy continues to struggle. A recent report showed that the island’s Gross National Product contracted by 3.2% in 2020. By comparison to 2019, the island’s GNP shrunk by about 5%. When breaking down the report, it appeared that people on the island...
Puerto Rico is very close to the United States geographically, but to many, even the many Puerto Ricans who call New York City home, the legal system can seem to exist on another planet. In actual fact, Puerto Rico has a legal system that is very similar to court...
Securities fraud is unfortunately common across the U.S. and Puerto Rico. It can take shape in many different ways, but the result is always that someone loses a lot of money inadvertently. A recent fraud was discovered in Puerto Rico involving a city and an...
For many of us, it happens so quickly, part of a busy morning in the office perhaps. We are going through emails, and suddenly, we find ourselves following a link to update our important banking information. Just like that, our critical personal information is in the...
The Securities and Exchange Commission (SEC) is accusing a former Florida man of operating a “long-running scheme designed to deceive investors,” a plan that netted tens of millions of dollars from unwitting victims. According to the SEC’s allegations, the Sarasota...
The U.S. Securities and Exchange Commission recently accused an investment group and its manager for fraudulently raising tens of millions of dollars from investors. The manager is facing multiple securities fraud charges, including violating federal securities laws....
Laws differ from state to state, and how a claim is handled in New York might be quite different than how it might be treated elsewhere. This is why securing the guidance of someone who understands the laws applicable to a specific state or US Territory where the...
Investing is a great way to secure not only a steady source of income, but also a sturdy financial future. Most investors in New York and elsewhere are proud of the lives they have built for themselves through investing. Unfortunately, through no fault of your own,...
Although Puerto Rico’s economy was struggling before being ravaged by Hurricane Maria, the aftereffects are impacting the investment market in waves. In May 2017, Puerto Rico claimed bankruptcy. The island had long struggled financially and owed over $70 billion...
