The $1.15 billion deal brings in 6,600 reps and four B-Ds under the RCAP umbrella.
CEO Mark Casady takes biggest hit; $1.5M bonus is down 41% from previous year
Nick Schorsch, who over the past five years grew to dominate the nontraded REIT business, this week put the independent broker-dealer industry on notice that he is a force to be reckoned with in that industry as well, with two deals in two days that would put his network second to LPL in rep headcount.
The latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying.
Thompson National Properties wants investors to exchange dead-in-the-water high-yield notes for stock, but are they getting a good deal?
The giant nontraded real estate investment trust, with $7.5 billion in total assets at the end of 2014, received a clean bill of health but joined a lawsuit against former business partners.
Two dozen wholesalers and account executives have left, with the lion's share joining a rival nontraded REIT wholesaler.
Longtime industry exec to use Cetera's First Allied as broker-dealer in setting up OSJ.
Girard Secuirities is being audited by the SEC, which is focusing on the firm's supervision of branch offices. CEO suggests move is part of larger investigation.
The estimated per share valuation of CNL Lifestyle Properties, a large nontraded REIT that owns ski and mountain resorts, continues to sink despite the recent broad rally in commercial real estate.
