Former $6 Billion Morgan Stanley Team Goes Indie
Wealth advisor Jason Fertitta and his team have launched an independent wealth management firm called Americana Partners LLC and have partnered with Dynasty Financial...
Priority Income Fund Launches AA- Rated Preferred Stock Program
Priority Income Fund Inc., a registered closed-end fund, plans to expand its cumulative mandatory redeemable term preferred stock issuance through a new investment program.
Incapital...
Steadfast Income REIT Declares Revised NAV
The board of Steadfast Income REIT Inc., a publicly registered non-traded real estate investment trust, has approved a $9.40 estimated net asset value per...
FINRA Warns Broker-Dealer Imposter Website Attacks are on the Rise
The Financial Industry Regulatory Authority released a notice on Monday revealing that several broker-dealers have been victims of imposter websites, which are designed to...
Sound West Group Breaks Ground on Opportunity Zone Waterfront Development Near Seattle
Sound West Group, a Seattle-area developer, asset manager and sponsor of opportunity zone private placement offerings, have broken ground on Marina Square, a mixed-use...
SEC Charges San Diego-Based Investment Adviser with Running $7 Million Ponzi Scheme
The Securities and Exchange Commission charged Christopher D. Dougherty and several entities he controlled with operating a Ponzi scheme that defrauded his investment advisory...
Carter Validus Mission Critical REIT Urges Shareholders to Reject MacKenzie Tender Offer
Carter Validus Mission Critical REIT Inc., a publicly registered non-traded real estate investment trust, is urging its shareholders to reject the recent unsolicited tender...
Capitol Securities Recruits Former Stifel Team
Capitol Securities Management Inc., privately owned regional brokerage and investment advisory firm with approximately $5 billion in client assets, has added Knobel Investments based...
Voya Escapes FINRA Fine for Self-Reporting Mutual Fund Share Overcharges
Voya Financial Partners dodged a possibly hefty fine after self-reporting to FINRA that it had sold higher sales load mutual fund shares to 143...
MacKenzie Launches Unsolicited Tender Offer for Carter Validus Mission Critical REIT Shares Following Merger...
MacKenzie Realty Capital, a publicly registered non-traded business development company, has launched an unsolicited tender offer to purchase up to one million shares of...
Capital Square 1031 Launches New Multifamily DST Private Placement
Capital Square 1031, a real estate investment and management firm specializing in Delaware statutory trust offerings, has purchased a 294-unit multifamily community in Richmond,...
LPL Financial Adds Former Morgan Stanley Advisor
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Pete Babilla has joined existing LPL firm HighPoint Planning Partners. Babilla joins...
FINRA Suspends Former High-Profile LPL Broker for Borrowing Money from Client
The Financial Industry Regulatory Authority has suspended and fined James Bashaw, a former LPL Financial broker, for borrowing approximately $200,000 from an LPL customer...
Ladenburg Names Veteran Executive to Senior Vice President of Enterprise Services
Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded financial services company, has appointed veteran industry operations and technology executive David Ballard to the...
Resource Apartment REIT III Plans to Buy 15-Story Multifamily Property Near Washington D.C.
Resource Apartment REIT III Inc., a publicly registered non-traded real estate investment trust, has agreed to purchase a 141-unit multifamily property located in Alexandria,...
Securities America Recruits Team with $200 Million in Client Assets
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), has recruited a group of six advisors with more...
The DI Wire Welcomes Central Trade & Transfer as a New Directory Sponsor
The DI Wire is pleased to welcome Central Trade & Transfer as the newest member of our directory.
Click here to visit Central Trade &...
NAV REIT Growth Continues During the First Quarter of 2019
NAV REITs have posted a 1.68 percent total return in the first quarter of 2019, as measured by the Stanger NAV REIT Total Return...
Rich Uncles Suspends DRIP Following Bidder Interest
The board of Rich Uncles Real Estate Investment Trust I, a publicly registered non-traded REIT, has suspended the company’s dividend reinvestment plan after receiving...
Centerbridge Partners Reportedly Mulling Purchase of Advisor Group for $2 Billion
Bloomberg reported that Centerbridge Partners LP is in talks to purchase independent broker-dealer network Advisor Group for more than $2 billion, citing anonymous sources...
