Franklin Square KKR Capital Corp. II (FSKR) Investigation - The Securities Law Firm of Menzer & Hill, P.A. Is Pursuing Claims Against Broker-Dealers That Sold FSKR to Its Clients
The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it is investigating the brokerage firms that sold FS KKR Capital Corp. II (NYSE:FSKR), a business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies.
FSKR was created through the merger of the following four Franklin Square non-traded BDCs:
On June 19, 2020, FSKR shares were listed on the New York Stock Exchange. According to the company, it enacted a 4-to-1 reverse sock split.
Additionally, Mackenzie Capital Partners LP initially made an unsolicited tender offer to purchase shares of FS KKR Capital Corp. II for $4.10 per share. Two days later, Mackenzie amended the offer and lowered the price to $1.50 per share.
Unfortunately, unsuspecting investors and many retirees, do not realize that alternative investments like FSKR along with other non-traded investments such as non-traded REITs, are extremely risky investments that are some of the highest commissioned products that broker-dealers sell.
Fortunately, those investors that incurred losses investing in FSKR or any other non-traded investments may be able to recover those losses through the FINRA arbitration process. Under FINRA rules and regulations, Broker-Dealers are responsible for conducting proper due-diligence on those investments recommended to their clients and therefore may be held liable for losses related to failures in their due-diligence.
Investors that incurred investment losses related to FS should contact the attorneys at the Securities Law Firm of Menzer & Hill, P.A. to determine if they have a claim for a recovery of losses.
For a free case evaluation or to discuss any other investment losses, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.menzerhill.com.