Teacher gives UBS failing grades

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A 50-year-old Harlem educator is giving her UBS broker failing grades after she lost $400,000 from her Puerto Rico muni bond fund.

The New York Post reports that Vivian Falto claims her broker ignored plenty of red flags as Puerto Rico’s bond prices began to fall — and even turned aside her concerns about the collapsing bond market in the island paradise and advised her to stay the course.

The advice turned her life into a financial hell, she claims.

'He assured me the bonds were secure and there was no risk', she told The Post in a recent interview.

Falto’s financial nightmare began in 2011, when she inherited money after her father — a successful businessman in Puerto Rico — died.

To access the complete New York Post article hit the link below:

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