FSCO - FS Global Credit Opportunities Fund Loss Recovery Options

Newsfile 4-Jan-2023 4:53 PM

Boca Raton, Florida--(Newsfile Corp. - January 4, 2023) - The Securities Law Firm of Menzer & Hill, P.A. (www.menzerhill.com) announced today that it continues to file FINRA arbitration claims against those brokerage firms that sold Franklin Square Global Credit Opportunities FUND (NYSE:FSCO) to its clients.

As we've seen with many other issuers of non-traded Business Development Companies (BDCs) that have been nothing more than financial disasters for its clients, Franklin Square Global Credit Opportunities Fund is no exception. Many independent broker-dealers sold investments like FSCO to retirees while it was a non-traded BDC, representing it as a low-risk investment to reinvest their initial principal investment upon a liquidity event. Well, principal invested into FSCO lost an approximate 50% as of the public listing on the exchange. The truth of the matter is, non-traded BDCs like FSCO, should have never been sold to any investor, unless the investor(s) were interested in high-risk and speculation. These alternative products are continually sold to investors, because of the outrageous fees and commissions the broker and broker-dealer receives.

Fortunately, those investors that purchased FSCO or any other non-traded real estate investment trusts (REITs) or BDCs, may be able to recover their losses through the FINRA arbitration process. Under FINRA rules and regulations, broker-dealers are required to conduct proper due-diligence before recommending such investments to their clients. Furthermore, broker-dealers are required to properly disclose all the risks related to such investments, specifically, that these types of products are extremely speculative investments and are unsuitable for most investors.

Menzer & Hill has already recovered millions of dollars on behalf of its clients against those brokerage firms that continue to sell these high-commission, high-risk products, to unsuspecting investors.

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.

Contact

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

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