Louis Goff and others had been charged with raising $2.1 million from investors in a fraud from 2019 and 2020.
Calpers among plans with around $100B invested in the growing sector.
"It's not a good day for Austin Dutton," says one attorney.
Inflation, retirement savings growth expand pool of sophisticated investors, according to SEC Report.
GPB's founder was an accountant who couldn't do the firm's accounting.
The wirehouse is emphasizing better pay for advisors who sell alternative investments and offer loans to clients.
The firm is focusing more resources on the sector as it seeks to double the size of its business.
Financial advisors often recommend REITs as a way to generate income in retirement.
Looser monetary policy bets and hope for spot bitcoin ETF approval are key drivers.
Adoption of emerging structures such as interval funds and BDCs remains low.
The securities industry has a long, sad history of firms going out of business after a product like GWG bonds fails.
Colm Kelleher joins other executives and regulators warning of growing risks in the booming market.
The investment advisory firm is highly diverse and will never need a DEI initiative, co-founder says
'Ironically, I think the redemption issue is the best thing ever happen to nontraded REIT space,' says Kevin Gannon of Stanger.
'The brokers are besides themselves, especially the independent brokers,' one source says.
Half of financial professionals surveyed cite explaining the role of illiquidity within client portfolios as the most difficult client education topic.
Alternatives asset manager says strategy is outdated but CIO argues talk of its demise is premature.
Titan Securities is already among the departed. It's not footing the bill for its own funeral.
"We don’t agree with the decision but, with Finra arbitration, there is no appeal," says William H. McCance, president of Ages Financial Services.
Morgan Stanley's Graystone Consulting shares inaugural institutional investment study.
