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Bruce Kelly

Senior Columnist

Bruce Kelly

A former middle school and high school English teacher, Bruce Kelly started at InvestmentNews in 2000 as the brokerage reporter after a two-year stint at sister publication Pensions & Investments. He writes a bi-weekly, award winning column, On Advice, and covers the independent broker-dealer industry.

Recent Articles

Nicholas Schorsch's REIT empire is under siege

Dec 21, 2014

Schorsch's future at RCAP is one of many issues confronting his vast real estate empire

Galvin expands investigation of Schorsch empire

Dec 19, 2014

Massachusetts securities regulator looking into lawsuit allegations

Schorsch allegations will haunt nontraded REIT industry

Dec 18, 2014

Industry "floored" by allegation that REIT czar had hand in $23 million accounting error at ARCP

Citigroup slaps 'buy' rating on RCAP as Moody's lowers ARCP debt to junk status

Dec 16, 2014

'Upside outweighs downside,' according to RCAP analyst; debt downgrade result of resignations

Top Jackson National exec Clifford Jack to step down

Dec 16, 2014

Mr. Jack helped build the insurer's variable annuities business and independent broker-dealer network

Schorsch exits key company that was part of his REIT empire

Dec 15, 2014

Steps down as executive chairman of American Realty Capital Properties

An alternative oil investment that hinges on infrastructure needs

Dec 14, 2014

Nontraded energy BDC provides funds for exploration and drilling

Sterne Agee sues former CEO Holbrook

Dec 11, 2014

In complaint, regional brokerage says former executive "wasted" corporate assets for his own benefit

SEC investigating top Oppenheimer executive

Dec 10, 2014

Firm's head of retail, Robert Okin, resigned last week

Schorsch-related nontraded REIT sales drop in November

Dec 9, 2014

Fundraising for ARC REITs declined 58%, while Cole Capital suffered 81% falloff

St. Nicholas puts holidays on ice

Dec 8, 2014

Schorsch and ARC will push back celebration until mid-2015

Fidelity's clearing arm restores processing some Schorsch-related nontraded REITs

Dec 8, 2014

Decision affects American Realty Capital brand, but not Cole

Jacksonville: More than snowbirds

Dec 7, 2014

Southern city has variety of businesses and professions with potential advisory clients

Next Financial Holdings' D'Angelo resigns as CEO, chairman

Dec 5, 2014

One of the firm's six original principals, he will remain as a corporate director

SEC: Former alts B-D owner defrauded investors of $900K in stock scam

Dec 3, 2014

Regulator says he sold the same shares in a technology company twice

Nicholas Schorsch steps back from some nontraded REITs

Dec 1, 2014

Puts longtime investment partner William Kahane in charge of two of them

Schorsch REIT suspension still in place at major broker-dealers

Nov 26, 2014

Berthel Fisher among firms that have lifted suspension, but others housing 29,000 advisers confirm they haven't

Some broker-dealers resume selling Schorsch-related REITs

Nov 24, 2014

RCAP reinstates 51 selling agreements, but does not identify B-Ds

Despite Steven A. Cohen's investment, RCAP shares face short-term hurdles

Nov 18, 2014

Hedge fund giant boosts ownership of broker-dealer