Have you suffered losses in Key Energy Services, Inc. 6.75% 3/1/2021 bonds? If so, the securities attorneys of The White Law Group may be able to help you recover your losses with a FINRA arbitration claim against the brokerage firm that recommended the bonds to you.
Key Energy Services is a Houston, Texas based oilfield service company with operations in most major oil and natural gas producing basins in the continental US as well as in Mexico, South America, the Middle East, Russia, and Canada. The company issued debt to raise capital for its ventures, including the Key Energy Services, Inc. 6.75% 3/1/2021 bonds. As of this writing, Key Energy Services, Inc. 6.75% 3/1/2021 bonds, CUSIP 492914AS5 are trading at $50.924. The issue is rated B2/B+/— by Moody’s and Standard & Poor’s.
High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.
This risk has come in to focus recently as oil prices have plummeted, causing the risk of default of the Key Energy Services, Inc. 6.75% 3/1/2021 bonds to rise.
Brokerage-firms and investment adviser are required to make investment recommendations that are suitable for their clients in light of their clients particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.
If you have concerns regarding your investment in Key Energy Services, Inc. 6.75% 3/1/2021 bonds and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
To learn more about The White Law Group visit www.whitesecuritieslaw.com.Tags: Chicago broker fraud attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, Inc. 6.75% 3/1/2021 bond default risk, Inc. 6.75% 3/1/2021 bond lawsuit, junk bond attorney, junk bond lawyer, Key Energy Services, Key Energy Services Inc. 6.75% 3/1/2021 bonds investigation, Key Energy Services Inc. 6.75% 3/1/2021 bonds losses, Key Energy Services Inc. 6.75% 3/1/2021 bonds value, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer Last modified: March 25, 2019