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Monthly Archives: July 2019

Cipher Technologies Attempting to Launch Bitcoin Focused Interval Fund

Cipher Technologies recently filed an initial registration statement with the Securities and Exchange Commission to launch Cipher Technologies Bitcoin Fund, an interval fund focused...

Black Creek Group to Develop 777,000 SF Industrial Park Near Atlanta

Black Creek Group, a real estate investment firm and sponsor of non-traded direct investment programs, has purchased 53 acres in the I-75 Northwest submarket...

Former KBS Internal Wholesaler Joins TwinRock Partners as VP of Investor Relations

TwinRock Partners, a sponsor of private real estate offerings, has hired Joe Prendergast as the new vice president of investor relations. In his new role,...

ProEquities CEO Announces Candidacy for FINRA Large Firms Seat

Chris Flint, the president and CEO of ProEquities, has launched his candidacy for the large firms seat in this year’s FINRA board of governors’...

FINRA Fines Citigroup Brokerage Unit $1.25 Million for Lax Background Checks

The Financial Industry Regulatory Authority has fined Citigroup Global Markets Inc., the full-service brokerage affiliate of Citigroup Inc., $1.25 million for failing to conduct...

Sierra/Medley Amend Merger Agreements after Merger Vote Halted by Chancery Court

Sierra Income Corporation, a non-traded business development company, Medley Capital Corporation (NYSE: MCC), a publicly traded BDC, and Medley Management Inc. (NYSE: MDLY), an...

Everest Launches Tender Offer for Industrial Property Trust Shares Following Merger Announcement

Everest REIT Investors I LLC, a private real estate investment firm, has launched an unsolicited tender offer for 3.6 million shares of Industrial Property...

Billionaire Launches First Cannabis-Tied Cryptocurrency and Hemp Exchange

Alkiviades (Alki) David, a Greek billionaire and entrepreneur, has launched The Swissx Bank of Cannabis headquartered in Gstaad, Switzerland and with a Caribbean headquarters...

FINRA Suspends Former Wells Fargo Broker for Trading on Deceased Customer’s Account

The Financial Industry Regulatory Authority has suspended and fined former Wells Fargo broker, Michael David Garris, for making 26 unauthorized transactions in a deceased...

ExchangeRight Adds Internal Wholesaler Larry Baron to Sales Team

ExchangeRight, a sponsor of 1031 exchange and other alternative direct investment offerings, has hired Larry Baron as vice president over the Rocky Mountain/Western-Central region...