Responding to a letter from an activist investor, Nicholas Schorsch says he will keep building the company but his acquisition pace will slow. <i>(And on Monday, <a href="http://www.investmentnews.com/article/20140602/FREE/140609990" target="_blank">ARCP shareholders rejected Schorsch's executive comp plan</a>)</i>
Regulator still reviewing industry comments on rule to give investors better handle on share values.
Nontraded REIT industry backs Finra's proposed disclosure rule but wants implementation pushed out to late 2015.
With heady momentum after a record year of sales, nontraded REITs are expected to be popular with advisers and investors again in 2014 but new regs and climbing interest rates could dampen enthusiasm.
After firing James Holbrook Jr. in May, the regional brokerage alleges the former chief executive used corporate credit cards for personal expenses and company resources on sporting events.
Independent B-D spends $8.8 million to resolve litigation prior to acquisition by RCS Capital.
Nick Schorsch's RCS Capital is building the second-largest independent broker-dealer network &mdash; 9,000 registered reps and financial advisers &mdash; through several acquisitions it announced last year.
Nick Schorsch has been snapping up B-Ds with the fervor of Carrie Bradshaw from “Sex and the City” chasing down her next pair of Manolo Blahniks. But with J.P. Turner, is the firm's stock-jockey history a problem or did Nick buy a gem at downtown prices?
Bruce Kelly reports about Meyers Associates, a small New York broker-dealer with five times the industry average of registered reps with marks, or 'disclosure events' on their record.
