In the nontraded REIT world, regulators have typically focused on broker-dealers and their sales policies and procedures. Until last week. Is Finra's recent action a cautionary tale for advisers?
In a dispute focused on real estate investments, the indie B-D and a former broker 'breached fiduciary duty, were negligent,' complaint says. Big award comes with split decision.
The financial services business is out of touch regarding the sensitive issue of compensation even as the American public remains angry at Wall Street bankers for the credit crisis. Bruce Kelly explains.
Shares of LPL Financial rallied more than 60% last year and is bucking the broad market trend so far in 2014. At least one analyst has a $60 target. Is that realistic?
CEO and COO also ordered to pay $175,000 in penalties .
Client assets under administration rose 15% to $447 billion; 'positive net flows and strong equity markets.'
Nicholas Schorsch's RCS Capital acquires liquid alts firm Hatteras Funds, giving the real estate mogul the potential to widen the distribution of his growing lineup of investment products.
Proposed rule would require brokers to factor in fees and commissions when listing share prices on client account statements; if approved by the SEC, rule change would do away with the $10-a-share listing price.
Inland American Real Estate Trust, the largest nontraded REIT with $9.5 billion in assets, may soon be in line for a merger or listing of its shares, a move dubbed a “liquidity event” in the business. <i>(Don't miss: <a href="//www.investmentnews.com/article/20131227/FREE/131229967"" target=""_blank"" rel="noopener noreferrer">Will the 2013 banner year last through 2014?</a>)</i>
Some optimistic, others skeptical about plan to scrap the automatic per-share value of $10.
