Former exec says he repeatedly warned of accounting mistakes in REIT financials
Attorney questions why Ryan Steel didn't raise accounting concerns with firm's auditor or law firm.
With regulations and other factors changing the marketplace, the publicly traded REIT will focus on its core business in the net lease market.
A former high-ranking executive testified that he repeatedly raised warnings of an accounting error at the real estate investment trust.
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
The firm is cutting more than 1,500 funds that no longer meet its due diligence standards.
Brokers will be paid a flat rate based on clients' retirement assets, not transactions.
The firm has created a new role, head of the field, and eliminated division-level leadership positions
The securities industry faces plenty of legal risks and compliance pitfalls following June 9, the official start date for the DOL fiduciary rule. <b>Plus,<a href="http://www.investmentnews.com/gallery/20170523/FREE/523009998/PH/dol-fiduciary-rule-what-you-need-to-know-about-acostas-decision" style="color:#b10816" target="_blank"> what you need to know from the DOL's latest FAQs</a>.</b>
