Credit Suisse High Yield Bond Fund (DHY) Securities Investigation
Credit Suisse High Yield Bond Fund (DHY)
Are you concerned about your investment in the Credit Suisse High Yield Bond Fund? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Credit Suisse High Yield Bond Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC.
Unfortunately for investors, DHY, the high yield bond fund is down -29.72% in the past 3 months.
While the company has declared a dividend of $0.0165 per share on April 1, 2020, Credit Suisse Asset Management reportedly reminded shareholders that “a portion of the Fund’s fiscal year 2020 dividend may be a return of capital and that such determination has not yet been made.”
Broker dealers are required to perform adequate due diligence on all investment recommendations to ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience. Advisors are also required to disclose all risks.
Bond funds are traditionally suitable for conservative, income seeking and/or retired investors. As such, large losses like that experienced in the DHY are unusual.
Fortunately for investors, FINRA provides an arbitration forum for investors to resolve disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they can be found liable for investment losses in a FINRA arbitration claim.
Free Consultation with a Securities Attorney
If you are concerned about your investment in Credit Suisse High Yield Bond Fund, please contact 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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.
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