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Monthly Archives: February 2017

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Acting SEC Chair Advocating for Looser Accredited Investor Definition

At the annual SEC Speaks conference held in Washington D.C. on Friday, Michael Piwowar, the acting chairman of the Securities and Exchange Commission, argued...

Cetera Names New General Counsel

Cetera Financial Group, a network of independent broker-dealer firms, appointed Brian A. Stern as general counsel for Cetera Financial Group.Stern has...

Triton Continues to Expand Distribution Team with Two New Hires

Triton Pacific Securities, the managing broker-dealer for Triton Pacific Capital Partners’ retail investor private equity offerings, has hired Ryan Thayer and Eric Targoff to...

ADISA’s 2017 Spring Conference Expected to Draw More Than 700 Alt Professionals

ADISA, a trade association representing the alternative and direct investment industry, expects to attract more than 700 alternative investment professionals to its 2017 Spring...

The Blackstone Group L.P. Program Added to AI Insight Platform

AI Insight, a leader in alternative investment education for broker-dealers and advisors, has activated new offerings for training and review on their platform. The...

Medley to Launch Another $1 Billion Interval Fund

Medley Management (NYSE: MDLY), a publicly traded asset management firm with approximately $5.3 billion of assets under management, is launching a $1 billion interval...

Chamber of Commerce, FSI, and Others Appeal Texas DOL Fiduciary Case

The U.S. Chamber of Commerce, Financial Services Institute, and seven other plaintiffs that sued to stop the Department of Labor’s fiduciary rule are appealing...

PIMCO Launches First Interval Fund

PIMCO, a global investment management firm, launched a $1 billion interval fund – the PIMCO Flexible Credit Income Fund, which is the first for...

Hines Global REIT Sells Five Properties in the United Kingdom

Hines Global REIT, a publicly registered non-traded real estate investment trust, sold five office buildings at Brindleyplace in Birmingham, UK for nearly $326 million...

SmartStop Asset Management LLC Program Added to AI Insight Platform

AI Insight, a leader in alternative investment education for broker-dealers and advisors, has activated new offerings for training and review on their platform. The...

Preferred Apartment Advisors LLC Program Added to AI Insight Platform

AI Insight, a leader in alternative investment education for broker-dealers and advisors, has activated new offerings for training and review on their platform. The...

Cole Equity Raise Up 56 percent in 2016, Eyes Wirehouse Distribution

Vereit (NYSE: VER), the publicly-traded real estate investment trust formerly known as American Realty Capital Properties Inc., released its earnings results for 2016 and...

First Capital Real Estate Trust Receives Notice of Default on $20 Million Loan

First Capital Real Estate Trust Incorporated, a publicly registered non-traded REIT, has received a notice of default and election to sell under deed of...

Behringer REITs Appoint Lightstone as New Advisor and Property Manager

Behringer Harvard Opportunity REIT I and II, two publicly registered non-traded real estate investment trusts, each replaced their current advisor and property manager with...

FINRA Fines Purshe Kaplan for Overcharging Native American Tribe

The Financial Industry Regulatory Authority has ordered broker-dealer Purshe Kaplan Sterling Investments to pay nearly $3.4 million in restitution to the Saginaw Chippewa Indian...

Minnesota Judge Denies Request for Stay in DOL Lawsuit

A U.S. district judge has denied a request by the Justice Department to stay a lawsuit brought against the Department of Labor by Thrivent...

CNL Healthcare Properties II to Buy First Property

CNL Healthcare Properties II Inc., a publicly registered non-traded real estate investment trust, has signed an agreement to purchase Summer Vista Assisted Living Community...

New York REIT Director Resigns Due to “Poor Governance”

New York REIT Inc. (NYSE: NYRT), a former non-traded real estate investment trust known as American Realty Capital New York Recovery REIT, announced that...

TriLinc Global Impact Fund Hires New Sub-Advisor for Southeast Asia Investments

TriLinc Global Impact Fund, a non-traded, externally managed, limited liability company, has approved a new investment manager, TransAsia Private Capital Ltd., to act as...

Carter Validus Mission Critical REIT II Buys Arizona Data Center Property

Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, purchased a 44,000-square-foot data center facility in Tempe, Arizona...