Canada markets closed
  • S&P/TSX

    19,228.03
    -0.87 (-0.00%)
     
  • S&P 500

    4,128.80
    +31.63 (+0.77%)
     
  • DOW

    33,800.60
    +297.00 (+0.89%)
     
  • CAD/USD

    0.7977
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    59.57
    +0.25 (+0.42%)
     
  • BTC-CAD

    75,424.73
    +401.97 (+0.54%)
     
  • CMC Crypto 200

    1,284.00
    +56.46 (+4.60%)
     
  • GOLD FUTURES

    1,742.30
    -2.50 (-0.14%)
     
  • RUSSELL 2000

    2,243.47
    +0.87 (+0.04%)
     
  • 10-Yr Bond

    1.6660
    +0.0340 (+2.08%)
     
  • NASDAQ futures

    13,780.00
    -49.50 (-0.36%)
     
  • VOLATILITY

    16.69
    -0.26 (-1.53%)
     
  • FTSE

    6,915.75
    -26.47 (-0.38%)
     
  • NIKKEI 225

    29,768.06
    0.00 (0.00%)
     
  • CAD/EUR

    0.6702
    -0.0002 (-0.03%)
     

FSKR Lawsuit Update - The Securities Law Firm of Menzer & Hill, P.A. is filing dozens of FINRA Arbitration Claims against Broker-Dealers that sold Franklin Square KKR Capital Corp. II to its clients

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it has been retained by dozens of investors that purchased 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:

  • FS Investment Corporation II (FSIC II)

  • FS Investment Corporation III (FSIC III)

  • FS Investment Corporation IV (FSIC IV)

  • Corporate Capital Trust II (CCT II).

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 stock 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 Franklin Square 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200727005811/en/

Contacts

The Securities Law Firm of Menzer & Hill, P.A.
Gary Menzer - 888-923-9223
info@menzerhill.com