Recent investigations of Pimco's Total Return Bond ETF and church bonds highlight the need to investigate an investment's truest price.
RCAP sales slow down in wake of ARCP accounting error, although the firm is optimistic activity will return as B-Ds resume selling its nontraded real estate investment trusts.
Cambridge joins list of independent broker-dealers suspending sales of Cole REITs; firm says it is waiting for 'more clarity' before deciding next step.
Execs replaced over what firm calls intentional errors; REIT king says problems will not affect other related firms. <i>(Plus: <a href="http://www.investmentnews.com/article/20140917/INFOGRAPHIC/140919935" target="_blank">Untangling Schorsch's vast web</a>)</i>
Former executive at LPL Financial will head up firm's nontraded REIT wholesaling and distribution unit.
<i>Bruce Kelly On Advice:</i> RCAP's acquisition of Cole Capital could pay dividends for Nick Schorsch's empire for years to come, though the transaction between two related companies raises questions.
RCS Capital seeks to pull out of a $700M deal to acquire two Cole companies from American Realty Capital Properties, which last week <a href="//www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle"" target=""_blank"" rel="noopener noreferrer">revealed a $23M accounting error</a>.
After Nicholas Schorsch's giant traded REIT, American Realty Capital Properties, <a href="http://www.investmentnews.com/article/20141029/FREE/141029916">revealed a big accounting debacle</a>, one large broker-dealer network temporarily put a stop to sales of one of Mr. Schorsch's nontraded REITs.
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. <i>(Also: <a href="http://www.investmentnews.com/article/20141030/FREE/141039985/national-planning-holdings-puts-kibosh-on-arc-nontraded-reit-sales" target="_blank">BD puts kibosh on ARC nontraded REIT sales</a>)</i>
Selling away is just one of the allegations that felled James “Jeb” Bashaw, LPL's former Houston branch manager.
