The law firm of Haselkorn & Thibaut, P.A. is currently researching and investigating potential claims involving investor losses related to the FS Global Credit Opportunities Fund – A . The fund is classified as a close-ended fixed income feeder fund originally launched by Philadelphia, PA-based leading asset manager Franklin Square Capital Partners, the fund is jointly managed by FS Global Advisor, LLC, a subsidiary of Franklin Square Capital Partners, and GSO Capital Partners LP, New York, NY- based investment management firm. The FS Global Credit Opportunities Fund – A predominantly invests all of its assets in the FS Global Credit Opportunities Fund.
The company declared its current net asset value is USD 7.18 per share. The initial offer per share was listed at USD 10.00. The company seemingly offered a limited number of shares in October for $6.89 per share, but there have been reports that some shareholders were not able to participate.
FS Global Credit Opportunities investors or anyone having information on the broker-dealer or investment adviser sales practices or supervision relating to any recommendations of this fund by investors who have experienced unexpected losses should contact Haselkorn & Thibaut (www.InvestmentFraudLawyers.com) at 1-888-637-5510. Investors are eligible for a free consultation and case review.
Recently, the shares of this investment have traded been sold as low as the $4.25/share range in the secondary market according to recent information by CTT Auctions. This suggests that some investors may have experienced a near 60% principal loss on their original investment! For many investors, this level of risk and these realized (or unrealized) losses have been unexpected and may be coming with little or no warning from the financial advisors and firms who originally recommended these investments.
One of the major caveats with these and similar alternative investments is that these securities are often considered complex investment products that many retail investors are not only unfamiliar with, but the material risks associated with the investments and the investment products are not properly represented to investors. Now, sometimes years after the transaction, investors who want to sell their alternative investment products often face various hurdles like a lack of transparent pricing and a limited secondary market. Thus, even if investors can locate a willing buyer, the prices offered are nowhere close to the sponsor reported prices showing up on their monthly account statements, and only then do investors realize the full extent of their investment losses relating to these investment products.
What is also adding insult to injury for many investors is the fact that they find out that these investment recommendations were often motivated by above-average commissions and fees that incentivized the recommendation and sale in the first place.
Financial advisors and broker-dealer firms selling these investment products are required to make fair and balanced risk disclosures regarding these investment products. They cannot simply tout the positive features and hide the material risks from investors when recommending these complex alternative investments.
Investors who purchased these complex alternative investment products based on the recommendation of a financial advisor or stockbroker may have options to potentially recover their investment losses. There are time limitations that apply to these claims. The first step is to talk to an experienced investment fraud lawyer that specializes in fighting broker-dealer firms. Start now, as there are limited time periods that might apply, and you want to have as many options available as possible to recover your investment losses.
The sole purpose of this release is to investigate the manner in which FS Global Credit Opportunities Fund – A was approved for sale, marketed and sold to investor customers by broker-dealer firms. If you are an investor in these products, or if you have knowledge regarding the sales practice and/or supervision policies of FS Global investment product sales by a broker-dealer firm, recommended to retail investors, or the supervision related to same at broker-dealer firms including (but not limited to) Royal Alliance, are encouraged to contact our office. If you have any knowledge or experience with these matters please contact Haselkorn & Thibaut, P.A. at 1-888-628-5590, or visit the law firm’s website at InvestmentFraudLawyers.com.
About Haselkorn & Thibaut, P.A.
Haselkorn & Thibaut, P.A. is a law firm that specializes in investment fraud matters and FINRA arbitrations nationwide. The law firm has offices in Palm Beach, Florida, on Park Avenue in New York City and in Phoenix, Arizona, Houston, Texas, and Cary, North Carolina. The attorneys have over 50 years of legal experience. They represent both individual and institutional investors seeking to aggressively pursue their claims and maximize their recovery of investment losses for victims of negligence or investment fraud. As former securities industry defense attorneys, they are an experienced group of lawyers that have moved from the defense side, to YOUR side and they are available to assist you today. Call for your free consultation today at 1-888-628-5590 or visit our website.