Are Nontraded REITs Right for Clients?
These instruments have an appeal, but their lack of transparency is troubling, Michael Finke writes.
Cohen’s Point72 Takes RCS Stake as Regulators Circle
Former SAC chief Steven A. Cohen disclosed a 5.1% stake in Schorsch’s firm, which said recently it was talking to SEC and FINRA.
SEC, FINRA Come Knocking at RCS After ARCP Accounting Errors
Nicholas Schorsch's RCS says it talks to the regulators as a part of its regular operations and will continue to do so.
Top 9 Investor Threats for 2015: NASAA
State regulators are seeing classic threats to investors “morph into new or altered dangers, many fueled by the Internet,” says NASAA’s president.
Realty Capital Says Cetera Spinoff ‘On the Table’
Company leaders say they're looking at all options as stock declines, other Schorsch-related issues continue. Larry Roth says recruiting is strong at Cetera.
PIMCO Outflows Painful but Not Deadly: Morningstar
The flagship Total Return Fund had $50 billion in net outflows in the past two months, but Morningstar sees positive future potential.
Schorsch Unit Draws State Regulator’s Scrutiny
Massachusetts’ William Galvin begins investigation of Realty Capital Securities’ nontraded REIT sales.
Schorsch’s Own Cetera Halts Cole REIT Sales
ARCP accounting scandal "has tarnished the entire Schorsch brand," consultant Mark Elzweig says, and Cetera parent RCAP is trying to limit the damage.
LPL, Advisor Group Stop Sales of American Realty Capital REITs
LPL, the biggest independent broker-dealer, has suspended sales of products tied to the Schorsch real estate empire.
Low Oil Prices Unlikely to Hurt Some Energy Investments
U.S. energy renaissance lets investors reap tax breaks while avoiding commodity market swings like those engendered by Saudi Arabia oil price cut.