IN's top stories of the year
5. Big IBD settlement over nontraded-REIT sales
In late May, William Galvin, the secretary of the Commonwealth of Massachusetts, announced settlements with five leading independent broker-dealers over the sales of nontraded real estate investment trusts to make $6.1 million in restitution to investors and pay fines totaling $975,000.
Largest long-term-care insurance sellers go after premium increases
By Bruce Kelly