Bonds fall into two categories, investment grade and below investment grade. Investment grade bonds have been rated by agencies such as Standard and Poor’s, Moody’s, and Fitch Ratings. Generally they are bonds that are judged by the rating agency as safe enough to meet payment obligations that banks are allowed to invest in them.
On the other hand, bonds that are not rated as investment grade bonds are known as high yield bonds or as junk bonds. Bonds that are below investment grade have a higher yield, or return on investment, but they also have a much higher risk of default. Often, brokers sell them as high yield bonds to entice investors to buy, but they do not explain that they are much higher risk and much more likely to go into default.
If you invested in high yield bonds at your broker’s recommendation and experienced losses, you might have a claim.
High Yield Junk Bond Lawyer
Our law firm actively pursues claims involving high yield bonds. If you were sold high yield bonds but were not told how risky they are, and one or more went into default, you should contact us. We will talk to you about the facts and circumstances surrounding the solicitation and sale of the bonds. If we conclude you were told misrepresentations or omissions, or were sold bonds that are not suitable for you, when you hire our law firm we will fight to get your missed coupon payments and principal back.
Heiner Law Offices has represented many investors that have improperly been sold high yield bonds. Our firm understands the disclosures that are required to be made for high yield bonds, and all the factors that go into determining suitability, or appropriateness of a recommendation. We will aggressively pursue the firm or individual that sold the investments, and not rest until they have been held accountable for your losses. Our law firm will aggressively pursue your claims and do everything we can to get your money back.
Contact Us for a Free Consultation
Contact our office today to discuss your case. We offer a free initial consultation. You can reach us by phone at 801-366-5200 or via email. We try to take every case on a contingency basis which means we don’t collect a legal fee unless we successfully make a financial recovery for you.