Firm hires Craig Gordon, former head of clearing at RBC Capital, to lead the effort.
Pretax income up 44%, while revenue climbed 12%.
FS Investments also will increase its monthly cash distribution rate.
Inland American offers shareholders a way to cash out, but place limits on the buyback and values shares at no more than $6.50 a share.
The parent company of Southwest Securities, SWS Group, received $7-a-share offer from Hilltop Holdings. The offer was a 16% premium to the stock's closing price on Thursday. Bruce Kelly has the story.
Three clients of former broker at Hancock unit receive award for losses in failed land deals.
The woes stemming from UBS AG's unit in Puerto Rico over the sale of local, closed-end municipal bond funds have landed squarely in the lap of UBS brokers and financial advisers in the island commonwealth.
A unit of UBS AG has offered to repurchase shares of moribund, closed-end municipal bond funds invested in Puerto Rico muni securities from a select number of clients, according to plaintiff's attorneys. Bruce Kelly reports.
Move designed to create distance between investment creation and distribution.
Shares of company nontraded REIT czar is using to build a B-D empire have more than doubled since beginning of December .
