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Monthly Archives: October 2018

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FINRA Fines LPL Nearly $2.8 Million for Complaint Reporting Violations and AML Program Failures

The Financial Industry Regulatory Authority has fined LPL Financial LLC $2.75 million for complaint-reporting and anti-money laundering program failures that spanned a period of...

Alpha Capital Launches $250 Million Qualified Opportunity Zone Fund

Alpha Capital Partners, a Pittsburgh-based real estate investment firm, has launched the Alpha Opportunity Zone Fund I that will focus on student and multifamily...

Caliber Announces First Opportunity Zone Project

Caliber, a full-service real estate investment company based in Scottsdale, plans to develop a top-tier branded hotel that will connect to the Tucson Convention...

Greenbacker Renewable Energy Completes Construction of Its Largest Solar Asset

Greenbacker Renewable Energy Company LLC, a public, non-traded limited liability company that invests in renewable energy assets, has completed the construction of its 20MWac...

Vereit to Settle Four ARCP Lawsuits for $42.5 Million

Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), has agreed to settle another batch of lawsuits...

W.P. Carey Merger with its Non-Traded REIT Approved by Stockholders

The proposed merger between W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, with one of its managed non-traded REITs,...

Triad Advisors Names Former Colony NorthStar RIA Wholesaler as VP of Business Development

Triad Advisors LLC, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has hired Michael Gatti to serve as vice president...

SEC Investor Advisory Committee to Hold Public Call on Regulation Best Interest and Form...

The Securities and Exchange Commission’s investor advisory committee will hold a public conference call next month to discuss its proposed Regulation Best Interest and...

Franklin Templeton to Buy Alternative Credit Manager Benefit Street Partners

Franklin Resources Inc. , a global investment management organization operating as Franklin Templeton Investments, has agreed to purchase Benefit Street Partners LLC, an alternative...

Griffin Capital Essential Asset REIT Declares New NAV Per Share

The board of Griffin Capital Essential Asset REIT, a publicly registered non-traded REIT, approved an estimated net asset value of $10.05 per share of...

NASAA: Enforcement Actions Skyrocket for RIAs in 2017

The North American Securities Administrators Association (NASAA), an organization that represents state, provincial, and territorial regulators in the U.S., Canada and Mexico, has just...

InPoint Originates $13.43 Million First Mortgage Loan

InPoint Commercial Real Estate Income Inc., a commercial mortgage real estate investment trust sponsored by Inland Real Estate Investment Corporation and sub-advised by an...

Morris, Manning & Martin Launches Opportunity Zone Group, Analyzes IRS Guidance

Morris, Manning & Martin LLP, a leading securities law firm based in Atlanta, has launched a new opportunity zone practice group to help clients...

AR Global’s American Finance Trust Urges Shareholders to Reject Latest MacKenzie Tender Offer

The board of American Finance Trust Inc. (NASDAQ: AFIN), a former non-traded real estate investment trust sponsored by AR Global that has 75 percent...

Comrit Extends Benefit Street REIT Tender Offer and Increases Purchase Price

Comrit Investments 1 LP, Tel Aviv-based investment fund, has further extended the expiration date of its unsolicited tender offer for shares of Benefit Street...

LPL Adds Former Cetera Hybrid to Platform

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Brennan Asset Management Group to its broker-dealer and corporate registered investment advisor platforms.Brennan Asset...

Hines Global to Sell Four-Property Office Portfolio to Australian REIT

Hines Global REIT Inc., a publicly registered non-traded real estate investment trust, has agreed to sell a portfolio of four properties located in Australia...

Capital Square 1031 Buys Multifamily Property Near Richmond

Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchased a 296-unit multifamily property located in...

Ladenburg’s Highland Capital Launches Hybrid Long-Term Care Insurance Desk

Highland Capital Brokerage, an independent life insurance brokerage company and subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has launched its new hybrid...

SEC Charges Co-Owners of Defunct Private Equity Firm with Allegedly Defrauding Advisory Clients

The Securities and Exchange Commission has charged the two co-owners of a now-defunct New York-based private equity firm with allegedly defrauding the firm's advisory...