Silver Law Group Investigates U.S. Mutual Fund Companies with heavy concentration in Puerto Rican debt

With Puerto Rico’s credit issues and default taking front and center in the media, people may not realize that the damage from what is going on is not limited to Puerto Rico but may affect a number of U.S. Mutual Fund Companies.  In fact, the average, small passive investor may not appreciate that the mutual fund he and/or she owns actually holds a significant amount of Puerto Rico debt.  Several municipal bond funds hold a large percentage of Puerto Rico municipal bonds despite the negative publicity and questions that have been raised about Puerto Rico and its ability to meet its obligations.

Here is a sample list of some mutual fund companies holdings a large percentage of Puerto Rican debt:

• Oppenheimer Rochester Maryland Municipal;
• Oppenheimer Rochester Virginia Municipal;
• Oppenheimer Rochester Fund Municipals A;
• Oppenheimer Rochester Ltd Term NY Munis A; and
• Franklin Double Tax Free Income Fund

If you invested in any of these mutual funds or believe you were sold other unsuitable investments related and/or tied to Puerto Rico, you may be entitled to recover some of your investment losses.  Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345 to speak to an attorney to find out how we may be able to help you recover some of your investment losses.