If you have sustained financial losses due to a Sim card swapping hack or other security breaches we strongly encourage you to contact Levin Law, P.A. for a free case evaluation.
The national securities, commodities, and class action law firm, Levin Law, P.A. is investigating brokerage firms, investment advisors, and banks that recommended and sold interests in Franklin Square KKR Capital Corp. II Fund (“FSKR”) to their customers. If your investment advisor, stockbroker, or other financial professional recommended and sold you shares in FSKR and suffered significant losses, please contact Levin Law at (305) 402-9050 or firstname.lastname@example.org.
On June 17, 2020, FSKR announced its listing on the New York Stock Exchange as a business development company (BDC), “providing customized credit solutions to private middle market U.S. Companies.” As noted in the press release together with FS KKR Capital Corp. (NYSE: FSK), FSKR is the “second largest publicly traded BDC platform in the market.”
FSKR was created after the merger of four Franklin Square non-traded business development companies:
BDCs such as FSKR involve a high degree of risk and may not be suitable for the average investor with a low-risk tolerance. BDCs are complex investments. An investment advisor, stockbroker, or other financial professional is required to fully disclose all risks and rewards related to these investments. Despite initial high offering prices, BDCs can decline rapidly in value, causing substantial losses to uninformed investors who relied on a brokerage firm for investment recommendations. BDCs typically have high commissions and management fees, making them disproportionately expensive.
Many BDCs are made up of companies that are not market-tested. The underlying assets of FSKR and other BDCs are often new, unproven companies or financially distressed businesses with no guarantee as to how they will perform. Investment in FSKR is considered speculative at best and may be unsuitable for the average investor. Brokerage firms and their registered representatives must inform investors of all material facts, including the objectives, risks, charges, and expenses of investing in a BDC.
If a financial advisor, stockbroker, or other financial professional recommended investment in Financial Square KKR Capital II Fund or another BDC and you have lost money or are in doubt about the value of your FSKR investment or you have suffered losses, you may be able to recover losses through a Financial Industry Regulatory Authority (FINRA) arbitration or a class action lawsuit.
If you have suffered losses in FSKR, contact Levin Law managing partner, Brian Levin at (305) 402-9050 or at email@example.com for a free consultation. Most cases are accepted on a contingency fee basis, meaning clients are not responsible for Levin Law’s attorney fees unless money is recovered on their behalf.
Levin Law is a premier national securities and class action law firm. Brian Levin, Levin Law’s managing attorney, has obtained settlements and recoveries in excess of $100,000,000 in assets through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.