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Monthly Archives: August 2018

Merrill Lynch Reverses Ban on Commission-Based Retirement Accounts

Merrill Lynch, the wealth management arm of Bank of America, is reversing its ban on commission-based products in customer retirement accounts following the death...

LPL Financial Adds Former First Allied Team to its Platform

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Sackman & Son Financial Services to its broker-dealer and corporate registered investment advisory platforms....

Resource Apartment REIT III Completes Purchase of $33.8 Million North Carolina Property

Resource Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, has completed the purchase of Matthews Reserve, a 212-unit multifamily community...

SEC Charges Advisory Firm and Principal with Fraud for Associating with Barred Adviser

The Securities and Exchange Commission has filed charges against a Buffalo, New York, investment advisory firm and its owner for misleading firm clients about...

Securities America Recruits $650 Million Super OSJ Hybrid from LPL Financial

Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has added Patriot Financial Group, an independent hybrid registered investment...

FINRA Bars Former PFS Investments Broker for Stealing $100,000 from Client

The Financial Industry Regulatory Authority has barred former PFS Investments broker Daniel Winger for stealing funds from an elderly client. Winger first entered the...

Lightstone REITs Appoint CFO and Treasurer

The boards of Lightstone Value Plus Real Estate Investment Trust V Inc., Lightstone Value Plus Real Estate Investment Trust III Inc., Lightstone Real Estate...

Cetera Launches Advisor Equity Participation Program, Succession Planning Funding Program

Cetera Financial Group, the second-largest independent financial advisor network in the nation by number of advisors, will be launching two new advisor initiatives: an...

AR Global’s Healthcare Trust Urges Investors to Reject MacKenzie Tender Offer

The board of Healthcare Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, is urging shareholders to reject an...

Transamerica Entities to Pay $97 Million to Investors Over QI Model Errors

The Securities and Exchange Commission has charged four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million...