openPR Logo
Press release

FS KKR Capital Corp. II (FSKR) Securities Investigation

06-24-2020 09:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The White Law Group

The White Law Group announces a securities investigation involving FS KKR Capital Corp. II
The White Law Group, LLC is investigating the liability brokerage firms may have for recommending FS KKR Capital Corp. II to investors.

FS KKR Capital Corp. II is a business development company (BDC) reportedly “designed to provide a high level of current income.” The fund was launched at the end of 2019 as the product of a merger of four non-traded BDCs –FS Investment Corporation II (FSIC II), FS Investment Corporation III (FSIC III), FS Investment Corporation IV (FSIC IV) and Corporate Capital Trust II (CCT II).

The company has reportedly listed its shares of common stock on the New York Stock Exchange under the ticker symbol “FSKR.” On June 10, 2020, FSKR affected a 4 to 1 reverse split of its shares of common stock which resulted in every four shares of FSKR common stock issued and outstanding were automatically combined into one share of FSKR common stock, and the number of outstanding shares was reduced from approximately 691.2 million to approximately 172.9 million.

Due to the reverse stock split, FSKR's net asset value per share as of March 31, 2020 would have been $24.68, instead of $6.17 per share. Shares of FSKR closed at $13.97 on Friday.

The White Law Group has handled a number of claims involving FSIC II, FSIC III and FSIC IV, (now known as FS KKR Capital Corp. II.) In those claims, the firm has alleged, among other things, that the investment is (1) high-risk and unsuitable for our clients given their financial situation, needs and investment objectives, (2) that the risks of the investment were not fully disclosed to them, and (3) that the brokerage firms that sold the investments failed to conduct the proper due diligence with respect to the investments.

Unfortunately, some brokers may have downplayed the risks associated with these non-traded BDCs. They have misled investors into thinking that they are “safe” investment products.

The high sales commission brokers earned for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors. Your typical stock or mutual fund offers 1%-2% commission. The commission for non-traded BDCs like FS KKR Capital Corp. II, are often 7% - 10%.

“Broker dealers are required to inform clients of the risks associated with investment recommendations and to ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. says D. Daxton White, Managing Partner of The White Law Group.  “These types of investments are unsuitable for many investors. Brokerage firms may be held liable for losses if they overlooked suitability requirements or failed to disclose the risk when recommending FSKR to clients.”

To determine whether you may be able to recover investment losses incurred as a result of your purchase of FS KKR Capital Corp. II, please contact The White Law Group at 1-888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. The firm has offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit our website at

The White Law Group
125 S. Wacker Drive, Suite 300,
Chicago, Illinois 60606
(888) 637-5510

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release FS KKR Capital Corp. II (FSKR) Securities Investigation here

News-ID: 2079293 • Views: 3195

More Releases from The White Law Group

Recovery of Desert Capital REIT Investment Losses
The White Law Group is currently investigating various brokerage firms and financial professionals for their potential liability with respect to improper recommendations that investors purchase risky REIT investments like Desert Capital REIT. FINRA recently announced that it is paying close attention to the sale of REITs and, in particular, the ways in which broker-dealers marketed and sold the products to investors. Notwithstanding the risk of REIT investments, in many cases, broker-dealers

More Releases for Corp

Investment Opportunities in 3D Display Market 2021-2027 for Sony Corp., Panasoni …
Allied Market Research published a new report, titled, "3D Display Market by Type (Volumetric Display, Stereoscopic Display, and HMD), Technology (Digital Light Processing (DLP), Plasma Display Panels (PDP), Organic LEDs (OLED), and LED), Access Methods (Screen Based Display and Micro Display), and Application (TV, Smartphones, Monitor, Mobile Computing Devices, Movie Projectors, HMD, and Others) - Global Opportunity Analysis and Industry Forecast, 2019-2027." The market report provides an all-inclusive analysis of the
Homeland Security Market Outlook - Post COVID-19 Scenario | IBM Corp, Lockheed M …
The homeland security market in Asia-Pacific region is projected to grow at significant rate during the forecast period, owing to increasing number terrorist activities, territorial wars, political unrest, protests, and government inclination towards police modernization in countries including India, Japan, China, and Sri Lanka. North America accounted for majority of the global market share in 2015, and is expected to maintain its dominance during the forecast period due to heavy investment
Emerging 3D Display Market to 2027 | Sony Corp., Panasonic Corp., LG Electronics …
3D display provides three dimensional visualization and a sense of depth to the viewer. 3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense and engineering simulation. It is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience. Consumer electronics manufacturers (CEMs) are trying to change the user experience by enhancing their product
3D Display Market | Sony Corp., Panasonic Corp., LG Electronics Inc., Samsung El …
A new market research report on the Global 3D Display market has introduced by KD Market Insights. The report is dedicated to in-depth industry analysis of the global 3D Display market. The Global 3D Display  analysis is broken down on different segmentation levels including Market By Type, By Technology, By Access Methods, By Application. 3D display is an emerging technology increasingly adopted in various fields such as gaming, photography, video, education, defense, and engineering simulation. It is one of the
3D TV Market Is Thriving Worldwide | LG Corp, Samsung, Sony Corp, Sharp Corp, To …
HTF MI recently introduced Global and India 3D TV Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are LG Corp, Samsung, Sony Corp, Sharp Corp, Toshiba Corp,
Global 4K Digital Signage Market 2018 - Sharp Corp., Sony Corp., JVC Kenwood Cor …
Apex Market Reports, recently published a detailed market research study focused on the “4K Digital Signage Market” across the global, regional and country level. The report provides 360° analysis of “4K Digital Signage Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of 4K