SEC Charges Texas Businessman and Others in Oil and Gas Ponzi Scheme
The Securities and Exchange Commission has charged Texas resident James VanBlaricum and six others with running an oil and gas Ponzi scheme.
The SEC alleges...
Commonwealth Financial Names New President and COO
Commonwealth Financial Network, the nation’s largest privately held registered investment adviser and independent broker-dealer, announced that president and chief operating officer Rich Hunter will...
Carter Validus Mission Critical REIT II Sets Date for Follow-On Offering Close
Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, plans to close its follow-on offering on November 27,...
Black Creek Industrial REIT IV Buys California Distribution Center for $46 Million
Black Creek Industrial REIT IV Inc., a publicly registered non-traded real estate investment trust, has purchased Pescadero Distribution Center in California’s Central Valley for...
FINRA Bars Broker for Improper REIT Recommendations
The Financial Industry Regulatory Authority has barred a former Independent Financial Group broker for making unsuitable alternative investment recommendations to many of his senior...
NAPA President Named New Head of IFP Plan Advisors
Independent Financial Partners, a registered investment adviser and office of supervisory jurisdiction, has hired Jeff Acheson as divisional president of IFP Plan Advisors, the...
Capital Square 1031 Buys Historic Virginia Multifamily Property
Capital Square 1031, a real estate investment and management firm that specializes in Delaware statutory trust offerings, has purchased Mayton Transfer Lofts, a 223-unit...
Securities America Adds $222 Million Insurance Group to Its Platform
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF), has added Futurity First Insurance...
CNL Healthcare Exploring Liquidity Options
The board of CNL Healthcare Properties Inc., a publicly registered non-traded real estate investment trust, has appointed a special committee of its independent directors...
Priority Income Fund Launches Preferred Stock Offering
Priority Income Fund Inc., a registered closed-end fund, plans to offer shares of its Series A Term Preferred Stock due 2025 in an underwritten...
KBS REIT II Completes Final Property Sale at Corporate Technology Centre in San Jose
KBS Real Estate Investment Trust II, a publicly registered non-traded REIT, has sold 400 Holger Way in San Jose for an undisclosed amount. The...
Triton Pacific Program Buys 64 Burger King Restaurants
Tasty Brands LP, a Reg D program sponsored by Triton Pacific Company, has purchased 64 Burger King fast food restaurants located in Iowa, Kansas...
SEC Fines Wells Fargo Advisors $4 Million Over Improper Sales of Complex Financial Products
The Securities and Exchange Commission announced that Wells Fargo Advisors LLC has agreed to settle charges of misconduct in the sale of financial products...
Blackstone REIT and Greystar Partner to Buy $1.2 Billion Student Housing Portfolio
Blackstone Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by The Blackstone Group (NYSE: BX), has agreed to...
LPL Taps Former UBS Exec as New Managing Director and Head of Business Development
LPL Financial LLC., the nation’s largest independent broker-dealer, has named Richard Steinmeier as the firm’s new managing director and head of business development, effective...
SmartStop Promotes Gerald Valle to SVP of Self Storage Operations
SmartStop Asset Management LLC, a sponsor of non-traded real estate investment trusts and 1031 exchange programs, has promoted Gerald Valle to senior vice president...
Hines REIT Sets Date for Final Liquidating Distribution
Hines Real Estate Investment Trust Inc., a publicly registered non-traded real estate investment trust, plans to issue its final liquidating distribution on July 31,...
Feds Urge Appeals Court to Uphold Conviction of ARCP CFO Brian Block
Federal prosecutors filed their brief with the Second Circuit Court of Appeals on Wednesday urging the court to uphold the conviction of Brian Block,...
FS Credit REIT Plans to Change Offering from Daily to Monthly NAV
FS Credit Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by FS Investments, is planning to modify its...
Stira Capital Markets Group Hires Regional Vice President for Northwest Territory
Stira Capital Markets Group, the securities and financial services division of Steadfast Companies, has named Matthew Podolsky as regional vice president for their Northwest...
