Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating Franklin Square Capital Partners’ FS Energy and Power Fund (FSEP) sale practices pertaining to certain investment professionals who recommended and sold FSEP to their customers.
Investors who believe they may have lost money in activity related to Franklin Square Capital Partners’ FS Energy and Power Fund (FSEP) sale practices pertaining to certain investment professionals are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
FSEP is a non-traded business development company that invests in the debt of private U.S. energy and power companies, and according to Franklin Square is designed to provide investors with access to alternative asset classes that are typically only available to the very biggest institutional investors.
As with other alternative investments, FSEP presents inherent risks associated with the reduced oversight of unregistered securities, as well as the frequently high sales commissions and due diligence fees, which can provide brokers with an incentive to sell them without looking too closely at their finances, to investors who may not understand the inherent risk of the product.
It should be noted that investment professionals have a duty to only recommend suitable investments to their customers. To determine whether a product is suitable, the broker must first conduct adequate due diligence as to that investment and have a reasonable basis to recommend it.
Attorney Alan Rosca, of the RoscaLaw LLC Firm is Investigating Broker Sales of FSEP Products to Investors
FSEP closed to new investors on November 17, 2016. On December 30, 2016 FSEP increased its share issue price under the distribution reinvestment plan in order to ensure that shares were not issued at a price below the net asset value.
Occasionally, some brokers may have allegedly misrepresented the investment to sell more of it, or improperly recommend excessive or otherwise unsuitable FSEP investment products to their customers.
Finally, a broker’s investment recommendations must take into account the investor’s risk profile and expectations and investment experience. Brokers may not recommend risky investments to investors unwilling or unable to accept high risks. Lastly, investment professionals may not typically recommend excessive quantities of one single investment product, which could result in an improperly high risk concentration in an investor’s portfolio.
Securities Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Franklin Square Capital Partners’ FS Energy and Power Fund (FSEP) sale practices pertaining to certain investment professionals. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Franklin Square Capital Partners’ FS Energy and Power Fund (FSEP) sale practices pertaining to certain investment professionals may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.