Finra has barred a broker-dealer and its founder for allegedly defrauding a number of current and former NFL and NBA players out of nearly $14 million as part of a Ponzi scheme
SEC, Finra and state securities agencies have been in contact with the Schorsch firm after a $23M <a href="http://www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle" target="_blank">accounting error was revealed</a> at a sister company. RCAP also confirms Massachusetts investigation.
RCAP may remake itself to boost value with stock down 39% since late October
Both companies controlled by the REIT czar but broker-dealer not involved in accounting trouble at American Realty Capital Properties.
American Realty Capital Properties wins approval from creditors for postponement of reporting its third-quarter financial statements until Jan. 5.
B-Ds halting sales of Schorsch's REITs include some of the largest and most influential in the industry
As processing error delays commissions by a day, president Robert Moore moves to reassure advisers.
The average compensation for Finra's 3,400 employees last year was nearly double that of the average worker on Wall Street. Bruce Kelly takes a look at the numbers. <i>Plus:</i> <a href="//www.investmentnews.com/article/20140620/FREE/140629985"" target=""_blank"" rel="noopener noreferrer">Finra trims operating loss but comp costs climb</a>
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.
