Puerto Rico law
Securities & Finance Laws in Puerto Rico.
Federal securities law ('33 Act, '34 Act, '40 Act) applies in Puerto Rico, administered by the SEC. Puerto Rico supplements with the Puerto Rico Uniform Securities Act (10 L.P.R.A. §§ 851 et seq.), administered by the Office of the Commissioner of Financial Institutions (OCFI). Puerto Rico had significant securities litigation following the 2013-2016 Puerto Rico bond defaults and subsequent PROMESA proceedings. Puerto Rico's Financial Oversight and Management Board (FOMB) continues to oversee restructuring.
Last verified: 2026-04-17
State law
Key Puerto Rico Statutes
Governs registration of securities and of broker-dealers, investment advisers, and agents in Puerto Rico.
Prohibits schemes to defraud, material misstatements or omissions, and fraudulent or deceitful practices in connection with securities transactions.
Federal Puerto Rico Oversight, Management, and Economic Stability Act established the Financial Oversight and Management Board with authority over PR government budgets and bond restructuring. PR bond restructuring proceedings continue to produce significant financial and securities litigation.
Buyers of securities sold in violation of the Act may sue for rescission or damages.
State law
Official Sources
Not Legal Advice
This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in Puerto Rico.
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