Nicholas Schorsch's network of independent broker-dealers is closing in on nearly 9,000 reps.
“Ameriprise delivered another strong quarter,” CEO Jim Cracchiolo said in a statement. “Revenues and earnings were up nicely and our operating return on equity reached a new record of 20.8%.”
Schedules a shareholder vote, discloses ongoing investigations of former father-son executive team.
Regional brokerage Sterne Agee replaces CEO James Holbrook days after accusing its auditor KPMG of negligence. Bruce Kelly reports.
REIT czar Nicholas Schorsch is keeping up his acquisition pace, agreeing to buy rival wholesaler Validus Strategic Capital Partners, a B-D of nontraded REITs and BDCs. Bruce Kelly has the story.
Mimi Bock and Ryan Parker to get new responsibilities
Live from the FSI OneVoice Broker-Dealer Conference: Exams do 'deep dive' on sale of products such as nontraded REITs, Commonwealth's Tolley says. <b><i> <a href="http://www.investmentnews.com/section/video?playerType=Events&bctid=3117749314001&date=20140128">Check out a video interview with Dale Brown, where the organization's president and CEO offers his Finra wish list.</a> </b></i>
Shareholders of Nicholas Schorsch's American Realty Capital Properties turned thumbs down on the eye-popping pay plan for Mr. Schorsch and other top execs. <i>(Plus: <a href="http://www.investmentnews.com/article/20140602/FREE/140609999" target="_blank">Schorsch sells a health care REIT</a>)</i>
$1.975B sale will pay for land under 500 Red Lobster restaurants
Match 'made in heaven' says president of WRP, which has 350 reps and had $48 million in gross revenue in '13.
