Regulators Charge SII With ‘Unethical’ Conduct Tied to REIT Sales
Advisors' commissions on the sales topped $278,000, according to Massachusetts securities regulator William Galvin.
100% Advisory Payouts & 7 Other ‘Heresies’
Advisors take note: Many sacred cow profit centers being disrupted by broker-dealers promoting “loss leaders” to prospects.
Blackstone Booming Ahead in Nontraded REIT Business
Working with the wirehouses, rather than exiting the market like W. P. Carey, is Blackstone's approach.
W. P. Carey to Exit Nontraded REIT Business
Trends suggest that regulatory issues (like DOL) played a part, along with some fallout from the RCAP-Schorsch debacle.
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.