A federal judge allows Puerto Rico’s financial regulator, OCIF, to continue liquidating The Phoenix Fund despite the fund’s Chapter 11 bankruptcy filing, aiming to protect public and institutional investors from potential losses. By THE STAR STAFF A federal bankruptcy judge has ruled that Puerto Rico’s top financial regulator may continue its liquidation and enforcement actions against The Phoenix Fund LLC, clearing the way for the Office of the Commissioner of Financial Institutions (OCIF)…
