Securities Litigation

PMA is the preeminent securities law firm in Puerto Rico. Since its inception, the Firm has represented all major financial institutions and broker-dealers doing business in Puerto Rico in securities-related matters. The Securities Litigation, Arbitration and Mediation practice group has handled the highest profile securities cases filed in Puerto Rico, including a myriad of court cases, arbitrations, mediations and regulatory actions arising out of a ponzi scheme that resulted in the largest securities fraud in Puerto Rican history; securities class actions, stockholder derivative actions, arbitrations and regulatory actions arising out of restatements of financial statements of a major financial institution; multiple class actions, as well as stockholder derivative actions, arbitrations and mediations arising from the 2008 financial crisis and the failure of three financial institutions in Puerto Rico, including ERISA claims arising out of employees’ stock investments in their pension plans; recent class actions arising out of the legislation amending public employees’ pension plans; a major class action involving notes issued by the Puerto Rico Conservation Trust Fund (PRCTF); and multiple FINRA arbitrations, including customer claims for fraud, violations under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, breach of fiduciary duties, misuse of margin, unauthorized transactions, lack of diversification and improper hold recommendations, among others.

The Firm is also the most experienced and knowledgeable Firm in Puerto Rico in representing financial institutions and broker-dealers in inquiries, investigations and enforcement actions by the SEC, the Financial Industry Regulatory Authority (FINRA), the Department of Justice, and the Puerto Rico Office of the Commissioner of Financial Institutions (OCFI), among others.

The Firm is honored to have been ranked in the top Band 1 tier for Puerto Rico firms in Dispute Resolution by Chambers Global and Chambers Latin America for several consecutive years. Chambers Global has specifically noted the Firm’s strength in “securities-related litigation, as it builds on the firm’s sterling reputation for securities and financial work.”