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'they were risky' is correct and can be used in written English.
You can use it when referring to activities or decisions that involve the potential for danger or loss. For example, "The stock investments we made last year were very risky, but thankfully they paid off in the end."
Exact(7)
They were risky, so they weren't allowed to get bailouts or special lending rates from the government.
They were risky contracts, given both Anderson and Gordon have dealt with health issues in recent years.
Without waiving the rules, the investments of thousands of Italians who bought debt in MPS, many of whom may not have realised that they were risky, would be wiped out under the EU rules.
If that had happened during the boom, fewer investors would have bought securities like the Abacus ones, and those that did would probably have figured they were risky and demanded much higher returns, perhaps to the point of ensuring the instruments weren't worth creating in the first place.
In years past, when there was no longer a realistic chance of controlling the cancer, a family member, usually a spouse, often would urge the doctor to take further steps in treating the disease, even if they were risky and likely to be futile.
As they note here, they tried calling the nightly builds "Minefield" to imply they were risky, but that lead beta users to believe their builds should be highly stable (which they weren't always).
Similar(53)
They are risky.
Yes, they're risky.
They are risky, and many of them will fail.
Either banks are safe or they are risky.
Innovations reap such handsome rewards because they are risky.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com