Says adviser is lowballing American Spectrum.
$52.5 million cash and stock deal scheduled to close on Friday.
Trend of small and midsize broker-dealer mergers and acquisitions continues to build.
The broker-dealer saw its shares dip again on Thursday after it lowered the price of its secondary offering. That follows a 37% decline in the company's share price in the past month. Investors, however, could stand to benefit. Bruce Kelly has the story.
Between <a href="http://www.investmentnews.com/article/20140529/FREE/140529913">RCAP's stock offering</a> and real estate firm's executive comp plan, Nicholas Schorsch and his team could enjoy a multimillion-dollar payday.
The securities house pointed to “improved market conditions, successful recruitment of additional advisers and increased advisory assets under management” for the increase in revenues.
In stunning turnaround, the noted real estate investor gets $1.07 million for his shares in disputed REIT, ending a <a href="//www.investmentnews.com/article/20131029/FREE/131029892"" target=""_blank"" rel="noopener noreferrer">proxy fight</a>. But the story's not over. <i>(See also: <a href="//www.investmentnews.com/article/20130120/REG/301209971"" target=""_blank"" rel="noopener noreferrer">Tony Thompson's hard times</a>)</i>
Noted real estate investor Tony Thompson, enmeshed in a proxy fight for control over a nontraded real estate investment trust he launched in 2009 but was ousted from in August, is fighting back.
Finra claims that the noted real estate investor Tony Thompson defrauded investors in a $50 million note program.
Berthel Fisher, not long after settling most of their claims over DBSI, gets hit with a lawsuit over a failed private placement notes deal by a noted real estate investor. Bruce Kelly has the details.
