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Types of Investments – Puerto Rico Bonds

For many mutual funds and individual investors who have looked to bonds issued by the Puerto Rican government are now suffering losses due to the financial dilemma that the government has sunk into in recent years. Though investors benefited from the handsome returns or high yields these bonds offered during a period of historically low interest rates, these same investors are now feeling the bite of losses in their portfolios.

The past several years have seen Puerto Rico struggling with compounding debt and economic decline, which have caused the value of Puerto Rico’s municipal tax-free bonds falling considerably. It was in September 2013 when Puerto Rico bond values began to decline sharply that investors who held these bonds also began to suffer massive losses.

Investors who seek remedy for their losses in Puerto Rico bonds need to file their disputes in Financial Industry Regulatory Authority, Inc. (FINRA) arbitration. This is the case, especially with those who have invested in a closed-end fund that held Puerto Rican debt or a high-risk/high-yield Puerto Rican bond without understanding the risks associated with the investment, if they hope to recover their losses.

According to the firm Erez Law, investors in the United States and Puerto Rico are filing FINRA arbitration claims against their brokerage firms for investments made in Puerto Rico bonds or bond funds on the advice of their financial advisor. Many of these investors were not adequately warned about the high risk nature of the bonds, and have suffered serious losses as a result. Investors may have a claim against the brokerage firm based on misrepresentation, unsuitability, breach of fiduciary duty and state and federal securities laws.

A broker must have reasonable grounds for each recommendation made to investors considering such factors as the customer’s other securities holdings, financial situation, and risk tolerance. In addition, before a financial advisor recommends a security to his customers, the financial advisor must conduct due diligence, investigating the facts surrounding the security, to confirm that it is suitable for the customer. The suitability of an investment for a particular individual is at the center of the investment process and one of the key duties owed by a broker to the customer. Thus, a firm may be held liable for its broker’s failure to recommend suitable investments to its customers.

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Any Treatment You Need for Your Recovery should be Compensated by the Party that Hurt You

Records from the National Safety Council (NSC) say that about 70,000 pedestrian accidents occur in the US every year. Of these, about 4, 500 are either fatal or end in the victim’s death a few days after the accident (the NSC is a 501(c)(3) non-profit, non-governmental public service organization that promotes health and safety in the US by helping minimize the alarmingly high number of preventable injuries and deaths in working environments, homes and communities).

Fatal pedestrian accidents are frequent in rural areas where vehicles run faster, where there are usually no sidewalks where pedestrians can walk safely, and where most streets and intersections are poorly lighted at night. One common factor in fatal pedestrian accidents, however, is intoxication; either an intoxicated driver or an intoxicated pedestrian.

Pedestrian accident is, and should be, a concern of everyone, for the simple reason that everyone is a pedestrian at certain times of the day. While drivers play a major role in significantly reducing incidences of pedestrian accidents, pedestrians themselves should never exercise lesser care when crossing any street because even minor accidents can result in serious injuries, and ongoing pain and suffering that would leave those injured with serious emotional, psychological, and financial burdens. To make matters worse, those who have to contend with these serious side effects are not the ones at fault in the accident that hurt them.

Most non-fatal pedestrian accidents result in serious injuries, like broken bones, spinal cord injuries, traumatic brain injuries or accidental amputation. Due to the serious condition a victim may end up in, filing a civil or tort lawsuit against the at-fault driver often becomes necessary, mainly for the purpose of seeking compensation for all present and future damages resulting from the injury.

It is explained and strongly emphasized by Toronto personal injury lawyers at Mazin & Associates, PC, “When other people are neglectful, there are often serious repercussions for innocent bystanders. From irresponsible driving habits that cause accidents to cutting corners during the design of a product, negligence can cause a great deal of undue harm to unsuspecting victims. When you are hurt because of another person’s actions, it should not fall on you to endure the additional financial consequences of the injury. Your medical costs, rehabilitation, and any other treatment you need for your recovery should be compensated by the party that hurt you.”

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Brain Injury – A Serious Consequence in Road Accidents

Any kind of personal injury which has a direct effect on the human brain is always a serious matter as it can cause severe brain injury that can result to unconsciousness, amnesia, disability, comatose or even death. Personal injury is most commonly a consequence of an accident that is due to an act of recklessness or negligence of an individual, a business firm or a government entity.

There are many different causes of personal injury, including a simple slip and fall accident, a defective product, exposure to hazardous materials, medical malpractice and vehicular accidents. A personal injury can be severe and result to prolonged disability or even a victim’s untimely death. But whether severe or minor, personal injuries always lead to costly medical treatment and financial loses, especially if it causes a person to miss, or be incapable of, work. Thus, under the law, victims personal injury have the right to seek compensation from the liable party to cover present and future damages.

Brain injury, also known as traumatic brain injury (TBI), is an extremely serious type of personal injury. Its cause is a violent blow to, or a strong jolt of, the head. TBI usually results from a fall (head first), a sports accident, an explosion, violence or a car accident. According to the Centers for Disease Control and Prevention (CDC), more than one million people in the U.S. are treated for brain injuries every year; despite treatment, still more than 50,000 eventually die.

Car accident is held as the major cause of TBI. Many drivers, it seem, care very little about their own safety and the safety of others on the road. This failure to care for the safety of others is the only reason why more than 90% of all road accidents, according to the National Highway Traffic Safety Administration (NHTSA), are due to driver error.

Brain injury, according to the Philadelphia car accident lawyers at Zavodnick, Zavodnick & Lasky, LLC, is almost always debilitating for any victim, impeding even the most basic life tasks. Besides this, medical expenses for brain injuries are also among the most expensive of all injuries. Thus, no one should face the financial consequences of this injury alone, especially if the accident was not the victims fault. While the victim should focus his/her time and energy on the process of recovery, his/her family, through the help of a seasoned personal injury lawyer, should act and pursue legal action against the party liable in the accident for the possible compensation that the victim may be legally allowed to claim.

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Top Reasons Your Business Needs A Mobile App

We all live in a mobile world. People now spend more time on their smartphones than on their laptop or desktops. According to the Global Web Index, 8 out of 10 people use their smartphones to search the Internet. Furthermore, smartphone users use their mobile devices 2.8 hours daily. According to the website of Big Momma Apps, two-thirds of Americans own a smartphone and 19% rely on these devices for online services and information. In this regard, having a mobile app for your business will truly make sense.

Realizing the importance of mobile apps for managing their business, big companies such as Walmart, Bank of America, McDonalds, and others have harnessed the power of mobile computing to reach their customers. Even small businesses are now developing mobile apps in order to market their company. So whether you are a startup coffee shop or a budding online store, here are some reasons you should consider mobile apps for your business:

1. Visibility

Recent statistics revealed that Americans spend over a couple of hours daily on their smartphones. While only a few applications comprise the bulk of this overall usage, still having mobile apps can give your company a huge advantage compared to companies that do not have apps.

2. Customer Engagement

Mobile apps can help your business engage with potential customers. Engaged customers can translate to revenue generating ones. It will also help you sell your products or services online. This way, you can capture a large share of the market.

3. Build Brand Awareness And Recognition

Having a mobile app can also help you increase brand awareness and recognition. It is like a billboard sign that you can customize. The important thing is to add features that your customers will love. The good new thing about a mobile app is that the more often your customers use the app, the more they will recognize your brand. In advertising parlance, this is called “effective frequency,” which states that hearing or seeing your brand approximately 20 times will get your brand truly noticed.

4. Enhance Customer Loyalty

The advertising industry is such a competitive world now. There are a lot of noise out there that you can lose your impact on potential customers. With a mobile app, you can make your business just a “touch away” from your customers.

The business world has started to embrace technological advances. If your competition has started to adopt it, why don’t you? These are just some of the benefits you can get with having a mobile app.

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What You Need To Know About The SR-22

For someone who has been issued speeding and traffic violation tickets, a SR-22 is nothing new to you.   This is a certificate accompanied by a court order which proves that you currently have auto insurance coverage. You need this form in order to continue driving legally. You may be required to carry SR-22 based on the following situations:

  • You committed DUI or DWI
  • You failed to maintain auto insurance coverage in the past
  • You had a serious driving related offense

While it is still in your possession, here are some things you need to know about the SR-22:

  1. It is not insurance

Although it is often referred to as SR-22 insurance, it is worth noting that it does not replace auto insurance. It is just a certification from your car insurance provider stating that you have auto insurance liability policy that complies with the minimum requirements of your state. According to the Texas Department of Public Safety (TxDPS), those who do not own a vehicle should ask an insurance provider about a Texas Non-Owner SR-22 Insurance policy.

  1. You must already have minimum liability coverage

Prior to filing an SR-22, you first need to have at least a minimum liability coverage. The amount will vary depending on the state you are located. As auto insurance is required in the United States, you need coverage to maintain your driving privileges.

Upon presentation of the SR-22 form, you will then get your proof of insurance. You can get it by getting in touch with an auto insurance company in the state that requires insurance. They will provide the insurance or mail it directly to the state.

  1. Duration of SR-22

The duration of the SR-22 will vary from one state to another. In some states, it could be as short as a year to as long as five years. On the average, you need to carry the SR-22 from 2 – 3 years. So while carrying the certificate, take advantage of clearing your driving record so that you can start with a clean slate when you apply for reinstatement of your driving license.

When moving to a new state, you need to keep your SR-22 from the original state where you filed for the form and then make sure that the insurance company where you are applying also meets the minimum liability requirement.

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