BD Must Repay Tribe $3.4M, Pay $750K FINRA Fine
An advisor that sold $190 million in nontraded REITs and BDCs has yet to resolve charges with the regulator.
Ex-CFO at Schorsch-Related REIT Arrested
The SEC and U.S. Attorney took action against Brian Block while pressing charges against Lisa McAlister, who has pleaded guilty.
Real Estate Gets Starring Role in S&P 500, Spurring ETF Overhaul
The move will shake up stock portfolios, conjuring an industry out of REITs that will infuse at least one lightweight ETF with sudden riches.
New York REIT Shares Plunge After Analysts Question Acquisition
Shares have been hurt since founder and ex-board member Nicholas Schorsch became embroiled in a 2014 scandal over accounting problems at another firm.
FBI Raids Office of Texas REIT; Trading Halted
Lawyers bearing class action suits are circling the United Development Funding IV REIT.
RCS Capital Running Out of Cash as It Shuts Wholesale Unit: Moody’s
As RCAP winds down its once-lucrative REIT wholesale activities, the "underperforming" Cetera BD group isn't generating enough cash flow to service RCAP's debt, Moody’s warns.
Schwab, Fidelity Halt Sales of RCS, AR Capital Products, Again
This news follows a recent decision by AR Capital to stop issuing new investment programs starting Jan. 1.
REITs Break Into World of Crowdfunding
Through an e-REIT, Fundrise plans to raise $50 million online to invest in commercial properties under new crowdfunding rules.
AR Capital to Stop New Issues, Cetera Suspends Related Product Sales
Atmosphere at Schorsch-founded entities continues to deteriorate days after regulators announced a fraud investigation of RCS Capital.
Equity REITs Boost Cash Flow in Q2 but Post Weak Total Returns
NAREIT says REITs’ second-quarter operating performance recovered sharply from recent declines.