President Donald J. Trump last month commuted Gentile’s sentence, leaving many in the financial advice industry in disbelief.
In one instance, the advisor recommended an 81-year-old client, with an annual income of less than $50,000 and a net worth of $100,000 buy $96,000 of GWG L bonds.
The Bluerock Private Real Estate Fund ended its first day of trading at $14.70 per share, a 39.7% decline from its value last week.
Meanwhile, Alex David has also left Raymond James to become CEO of Equity Services Inc.
"These crypto platforms are where broker-dealers were in the 1980s in terms of supervision," said a plaintiff's attorney.
The broker at the heart of the matter in question is Robert Prettyman, according to a consent order from November.
The self-regulator doesn’t cite recent GPB private placement fraud and GWG Holdings fraud in 2026 regulatory oversight report.
Investors in the Bluerock Total Income + Real Estate Fund should be ready for at least a slight hit once the company begins trading on December 16, according to a filing Monday with the SEC.
Shares of LPLA were trading Monday morning close to $370 for an increase of 918% in 15 years.
"They had to change their name," a business professor told CNBC.com. "Their old name had negative value to it."
