Investor recovery pool for failed private placements balloons by $105 million. Bruce Kelly has the details.
Offering uses strategy modeled after existing SMA; alternative to long-short equity investing
Fund assets now up to $2.41T; investment gains the big contributor.
Fear-monger logic falls short
Regulators in Ohio have issued a cease-and-desist order against a nontraded REIT for pricing shenanigans. Bruce Kelly reports.
Actions compromised independence of embattled broker-dealer, TNP Securities, Finra says.
W.P. Carey is the latest nontraded REIT to join in the liquidity event frenzy, the sixth such REIT so far in 2013. The merger deal, if approved by shareholders, could mean a big premium.
Securities America, citing risk of overconcentration, ends sales of one of REIT maven Nicholas Schorsch's biggest-selling funds.
TNP Strategic Retail Trust cites loan compliance issues with lenders.
Ameriprise and four other IBDs agreed to pay fines and restitution in a deal with Massachusetts securities cop William Galvin. The state's action is the latest in a series of crackdowns on the sale of nontraded REITs.
The probe over alleged insider trading at SAC Capital is inching ever closer to boss Steven A. Cohan. On Friday, Michael Steinberg, a senior executive at the besieged hedge fund, was indicted for fraud.
A half dozen nontraded REITs are planning 'liquidity events' that could float investors' boats. Bruce Kelly has the details.
Four top executives of private-placement Ponzi scheme Provident Royalties were sentenced to prison, bringing to a close one of the most sordid tales in the history of alternative investments.
