FINRA Censures and Fines Newbridge Securities
The Financial Industry Regulatory Authority has censured and fined Newbridge Securities Corporation $225,000 for failing to properly supervise the sale of complex securities such...
Rich Uncles Reaches Settlement of SEC Investigation
BrixInvest LLC, the external advisor to multiple real estate investment trusts including RW Holdings NNN REIT Inc. – also known as Rich Uncles NNN...
ExchangeRight Brings Three Multifamily DSTs Full Cycle
ExchangeRight, the nation’s second largest sponsor of securitized 1031 exchange offerings, has recently brought three of its Delaware statutory trust programs full cycle with...
RK Properties Fully Subscribes Latest DST Offering
RK Properties, a sponsor of alternative private placements and Delaware statutory trust offerings, has fully subscribed its latest 1031 exchange program, RK Solis Berewick...
Blackstone REIT Buys $5.3 Billion Industrial Portfolio in Record-Breaking Deal
Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), has completed its purchase...
Carter Validus Mission Critical REIT Shareholders Approve Merger with Affiliated REIT
Shareholders of Carter Validus Mission Critical REIT Inc. (CVMC REIT I), a publicly registered non-traded real estate investment trust, approved the merger with affiliated...
SEC: Cetera Investment Advisers to Pay $185,000 for Solicitation Disclosure Violations
Cetera Investment Advisers LLC, a registered investment adviser affiliated with Cetera Financial Group Inc., will pay a penalty of $185,000 to settle SEC charges...
Senate Confirms Eugene Scalia as Labor Secretary
The Senate confirmed Eugene Scalia, the son of the late Supreme Court Justice Antonin Scalia, as Secretary of Labor in a 53-44 party-line vote...
Ashford to Launch Alternative Investment Platform, Considering Non-Traded REIT Space
Ashford Inc. (NYSE: AINC), a provider of asset management and other services to companies within the hospitality industry, has formed Ashford Securities LLC to...
Inland Private Enters the Senior Living Sector
Inland Private Capital Corporation (IPC), an alternative investment management firm and a sponsor of 1031 tax deferred exchanges, has launched its newest investment platform...
Griffin Capital Essential Asset REIT Sells Denver Office Building for $48.8 Million
Griffin Capital Essential Asset REIT, Inc., a publicly registered non-traded daily NAV real estate investment trust, has sold the Denver Tech Center, a 191,000-square-foot,...
Ameriprise Recruits Longtime Merrill Lynch Team
Ameriprise Financial Inc., a financial services firm with approximately 10,000 financial advisors, announced that CAM Wealth Management, a team of financial advisors with approximately...
SEC Charges Previously-Barred Broker and His Firm with Offering Fraud
The Securities and Exchange Commission has charged a broker previously barred by the Financial Industry Regulatory Authority, and his wholly-owned firm, for a multi-year...
Senate Committee Approves Scalia To Head Labor Department
Senate Committee on Health, Education, Labor and Pensions approved the nomination of Eugene Scalia as the Secretary of Labor on Tuesday in a 12-11...
Virtua Capital Management Hires Chief Compliance Officer
Virtua Capital Management, the capital formation arm of global private equity real-estate investment manager Virtua Partners, has hired industry veteran Curtis Christensen to serve...
Hines Global Income Trust Buys Logistics Park in Northern Poland
Hines Global Income Trust Inc., a publicly registered non-traded real estate investment trust, has purchased a modern logistics park totaling approximately 350,000 square feet...
House Passes Bill to Ban Forced Arbitration
The U.S. House of Representatives passed the Forced Arbitration Injustice Repeal Act (H.R. 1423) on Friday, which prohibits pre-dispute arbitration agreements for consumer, employment,...
Inland Private Sells Las Vegas Fitness Property for $53.5 Million
Inland Private Capital Corporation, a sponsor of 1031 tax deferred exchanges, has sold its Life Time Fitness property, located in the Summerlin submarket of...
Everest Pays $1 Million for Griffin Capital Essential Asset REIT Shares in Unsolicited Tender...
Everest REIT Investors I LLC, a private real estate investment firm, has completed its unsolicited tender offer to purchase up to 1 million Class...
LPL Recruits Former Ameriprise Team
LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Mark Sudol, Gary Sudol, and Jeffery Lavin of The Sudol Group to...
