FS Global Credit Opportunities Fund A Secondary Sales Price Suggests Losses for Investors
The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitable recommended FS Global Credit Opportunities Fund A, an illiquid, alternative investment, to investors.
FS Global Credit Opportunities Fund – A is a close ended fixed income feeder fund launched by Franklin Square Capital Partners. The fund is co-managed by FS Global Advisor, LLC and GSO Capital Partners LP. It primarily invests all of its assets in the FS Global Credit Opportunities Fund, according to its website.
While the current Net Asset Value reported by the company is $7.18 per share, shares of the fund have recently been listed for sale by CTT Auctions, a secondary market for illiquid investments for just $4.00 per share. The original offering price was $10.00.
The company apparently tendered a limited number of shares in October for $6.89 per Share, but unfortunately some shareholders may not have been able to participate.
The trouble with alternative investments is that they are complex and inherently risky products.
Investors looking to sell alternative investments, often have difficulty finding a buyer, and can suffer significant losses on the sale. They also tend to come with high sales commissions and fees.
Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.
Filing a Complaint against your Brokerage Firm
If you have suffered losses investing in FS Global Credit Opportunities Fund A the securities attorneys at The White Law Group may be able to help you. Please call The White Law Group at 1-888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. To learn more about The White Law Group visit www.whitesecuritieslaw.com.