New York Law Firm Prevails for New Jersey Investor in Arbitration over Puerto Rico Muni Bonds
GARDEN CITY, N.Y., Jan. 28, 2016 /PRNewswire/ -- A FINRA arbitration panel decision in November 2015 required securities firm Morgan Stanley to pay $95,632 to a New Jersey investor for unsuitable recommendations to buy and hold Puerto Rico bonds.
Puerto Rico power company reaches new deal with creditors
SAN JUAN, Puerto Rico – Puerto Rico's power company has reached a new deal with bondholders as it seeks to restructure roughly $9 billion in debt. The agreement calls for legislators to approve a measure by Feb. 16 needed to launch the restructuring.
How to Finance Puerto Rico’s Independence
Go big or go home, so the saying goes. When discussing the idea of Puerto Rico’s independence, the question I get over and over is: “Where will the money come from?” While I have previously offered a few examples of economic plans, one idea that I ...
Puerto Rico's PREPA, creditors revive restructuring deal
Righting PREPA's ship is seen as a key step in fixing Puerto Rico, which faces $70 billion of debt, a 45 percent poverty rate and a shrinking tax base as residents increasingly jump ship for the mainland United States. PREPA, with more than $8 billion in ...
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