The Highland Floating Rate Advantage Fund, the Highland Floating Rate Opportunities Fund, and the Highland Floating Rate Fund have been responsible for many recent losses among investors. These losses occurred primarily within the portfolios of conservative investors, many of whom were not wealthy. The large dividend yield (relative to other mutual funds) was common for these types of investors, and some brokers took advantage of their clients’ need for financial gains, ignoring the reality that the floating rate funds actually put these clients at a greater risk for financial loss than did other similar investments. For example, some brokers sold the Highland Funds to clients who had even gone as far as stating “capital preservation” as a primary investment objective.
FINRA has recently issued an investor alert warning individuals about the dangers of these types of floating rate funds. This effort will hopefully alert previously unaware clients of the risks attached to purchasing the Highland Floating Rate Advantage Fund, the Highland Floating Rate Opportunities Fund, and the Highland Floating Rate, and will counteract the misleading information being presented by some brokerage firms.
If you have lost money investing in any of these three types of floating rate funds or any other similar ones, the professional assistance that you need is only one phone call away. Contact Thomas C. Bradley, a Securities and Stock Fraud Attorney in Reno, Nevada, today for your own personal consultation.