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Monthly Archives: December 2019

Former Ladenburg Chairman Files Lawsuit to Halt Advisor Group Merger

Ladenburg Thalmann Financial Services Inc.’s former chairman and its largest shareholder, Phillip Frost, has filed a lawsuit against the firm following its proposed merger...

FINRA Fines Five Firms $1.4 Million for Failing to Reasonably Supervise Custodial Accounts

The Financial Industry Regulatory Authority has fined five broker-dealers a total of $1.4 million for failing to properly monitor custodial accounts established under the...

Caliber Opportunity Zone Fund Buys Arizona Office Property

Caliber, a full-service real estate investment company based in Scottsdale, has closed on a 50,000 square-foot building in a Mesa, Arizona opportunity zone. Located at...

Strategic Wireless Adds Indianapolis Cell Tower to Portfolio

Strategic Wireless Infrastructure Funds Management LLC, an investment manager focused on telecom infrastructure assets, has purchased a multi-tenant tower located near the Indianapolis International...

Massachusetts Fines Next Financial Group $150,000 Over Unsuitable REIT Sales

The Massachusetts Securities Division has fined Texas-based broker-dealer and investment adviser, NEXT Financial Group $150,000 over unsuitable sales of non-traded real estate investment trusts...

Two Cantor Fitzgerald REITs Name New CFO, Treasurer, and Director

Rodin Global Property Trust Inc. and Rodin Income Trust Inc., two real estate investment trusts sponsored by Cantor Fitzgerald Investors, announced that Steven Bisgay...

GWG Holdings Hires Vice President of Due Diligence

GWG Holdings Inc. (NASDAQ: GWGH), a sponsor of non-traded life settlement investment programs, has hired Christina Granada as its vice president of due diligence. Granada...

Phillips Edison & Company Secures $200 Million Secured Debt Facility

Phillips Edison & Company Inc., an internally managed real estate investment trust that invests in grocery-anchored shopping centers, has secured a 10-year, $200 million...

FINRA Files Complaint Against Broker for Unsuitable REIT and BDC Investments

The Financial Industry Regulatory Authority has filed a complaint against Southeast Investments broker Mercer Hicks III, aka Toby Hicks, alleging that he made unsuitable...

KBS REIT III Declares NAV Per Share

The board of KBS Real Estate Investment Trust III Inc., a publicly registered non-traded real estate investment trust, has approved an $11.65 net value...