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Two Schorsch companies at odds over $700M deal
RCS Capital seeks to pull out of a $700M deal to acquire two Cole companies from American Realty Capital Properties, which last week revealed a $23M accounting error.
Bill Gross’ departure reignites the risks of ‘star manager’ funds
On today's Breakfast with Benjamin menu, Bill Gross' Pimco exit is changing the way we look at star fund managers, Japan's latest stimulus plan triggers a market rally, watching out for those mutual fund tax burdens, and more.
Markets in a ‘bad mood’ as S&P 500 gives back year’s gains
Weak economic numbers and an Ebola panic spurred a pullback, causing the S&P 500 to give back the year's gains.
National Planning Holdings puts kibosh on ARC nontraded REIT sales
After Nicholas Schorsch's giant traded REIT, American Realty Capital Properties, revealed a big accounting debacle, one large broker-dealer network temporarily put a stop to sales of one of Mr. Schorsch's nontraded REITs.
Schorsch’s American Realty Capital discloses serious accounting errors; CFO out
The chief financial officer and chief accounting officer of the Nicholas Schorsch-controlled real estate giant are out after company uncovers $23M in accounting errors in recent financial statements that it says were intentionally not fixed.
Norm Champ to depart SEC
Head of the agency's Division of Investment Management will leave before the end of the month
Will missteps menace Schorsch’s empire?
The revelation of accounting errors at Nick Schorsch's flagship REIT, American Realty Capital Properties, could not have come at a worse time. Here's why. (Also: BD puts kibosh on ARC nontraded REIT sales)
Liquid alts get warning from SEC’s Norm Champ
SEC official tells alternative mutual funds to define principal strategies for investors.
The bitter economic costs of cheap oil
Breakfast with Benjamin: The bitter economic costs of cheap oil, plus notes on taking advantage of the rising dollar, avoiding bond funds like the plague, and running toward market volatility.
Market volatility gives liquid alts first real test
One upside to the stock market carnage of the past week or two is that the wildly popular alternative-strategy mutual funds, better known as liquid alts, have finally been tested on the open road.
Schorsch’s B-D network won’t sell some of his REITs
Nicholas Schorsch's own broker-dealer joined the wave of B-Ds bailing out of the REIT czar's products.(Also: Schorsch's RCAP to investors: 'We're not ARCP.')
Decision day: What Fed policy makers will have to say
Breakfast with Benjamin: What will Janet Yellen and the other Fed policy makers say, and how will investors react? Plus: Why focus on the Fed at all? And traps to avoid on the way to success, Facebook earnings, private equity risks and Game 7
The regulatory hits keep coming for LPL Financial
The rest of this week's must-read stories include Betterment's robo-adviser for humans, big changes afoot in Social Security, and a focus on picking the right alternatives for clients
Are online investors actually panicking at the sight of market volatility?
Covestor sees investors tinkering around the edges of their allocations, but not much actual fear
Charles Schwab’s Liz Ann Sonders stays bullish but warns of market volatility
Schwab's chief investment strategist is embracing cheap oil, 'onshoring' and select emerging economies
ETF investors bail on the financial sector
Breakfast with Benjamin:Finance-focused ETFs suffer huge outflows. What gives? Plus: Prudential Financial's spooky reinsurance bet, investing in obesity, private lawyers give corporate inversions a leg up, and location matters less when the house you're selling is haunted.
Morningstar partners with ProShares to manage an alternative ETF
ALTS will track an index maintained by Morningstar that includes allocations to seven different alternative investment strategies
The Fed struts its market-timing skills to inject a sense of calm
Breakfast with Benjamin: The Fed tries to inject a sense of calm in the market, Mohamed El-Erian passes on Pimco, all economists get it wrong, a global currency war is unfolding before our eyes, and more.
New York Life buys IndexIQ to expand liquid alts offering, add hedge fund ETFs
Deal adds $1.5 billion in AUM to N.Y. Life, including $950 million in multi-strategy exchange-traded fund.
New managed volatility funds aim to protect client portfolios from market swings
Value in managed volatility comes from potentially getting equity-like exposure with similar returns, lower volatility and better downside performance
