FSKR INVESTOR ALERT: KlaymanToskes Investigates Full-Service Brokerage Firms for Unsuitable Investment Recommendations Regarding Franklin Square KKR Capital II Fund
National investment fraud law firm, KlaymanToskes ("KT (News - Alert)"), announces an investigation into full-service brokerage firms for the unsuitable recommendations to purchase non-traded Business Development Companies ("BDCs") including: FS Investment Corp II ("FSIC II"), FS Investment Corp III ("FSIC III"), FS Investment Corp IV ("FSIC IV"), and Corporate Capital Trust ("CCTII"). These four BDCs merged into the Franklin Square KKR Capital II Fund (NYSE:FSKR) on December 18, 2019. On June 17, 2020, FSKR announced the listing on the NYSE and that "J.P. Morgan, Morgan Stanley, Keefe, Bruyette & Woods, A Stifel Company, and SunTrust Robinson Humphrey are serving as lead advisors to FSKR in connection with the listing."
As a result of the IPO, FSKR Investors are now able to liquidate their investments in previously non-traded BDCs at prices considerably lower than the initial offering price. According to securities atorney, Lawrence L. Klayman, "unsophisticated investors who are unable to understand the risks associated with BDCs must rely upon brokerage firms and its financial advisors to provide suitable investment advice. Financial advisors who failed to disclose all relevant facts, including the commissions and fees, lack of liquidity and the required use of leverage to provide the promised returns, have committed financial malpractice"
The sole purpose of this release is to investigate investment recommendations provided by full-service brokerage firms prior to the merger of four non-traded BDCs, FS Investment Corp II ("FSIC II"), FS Investment Corp III ("FSIC III"), FS Investment Corp IV ("FSIC IV"), and Corporate Capital Trust ("CCTII"), which now trades on the NYSE, as the Franklin Square KKR Capital II Fund. FSKR Investors with accounts at full-service brokerage firms, and have information relating to the handling of their investment portfolios are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. KT has office locations in California, Florida, New York and Puerto Rico.
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