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Monthly Archives: February 2020

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SEC Fines Actor Steven Seagal for Unlawfully Promoting Crypto Offering

The Securities and Exchange Commission has settled charges against actor Steven Seagal for failing to disclose payments he received for promoting an investment in...

Griffin Capital Essential Asset REIT Temporarily Suspends Offering in Light of Strategic Review

Griffin Capital Essential Asset REIT Inc., a publicly registered non-traded real estate investment trust, has temporarily suspended its follow-on offering, share redemption program, and...

Alternative Investment Exchange Launches Tech Platform for Alternative Investments

Alternative Investment Exchange, a financial services technology services provider, has launched a technology platform for the alternative investment industry. Following a soft launch in...

Commonwealth Hires Fidelity Exec to Expand RIA Business

Commonwealth Financial Network, a private registered investment adviser and independent broker-dealer, has hired Matthew Chisholm to serve in the newly created role of senior...

The DI Wire Welcomes Montego Minerals as a New Directory Sponsor

The DI Wire is pleased to welcome Montego Minerals as the newest member of our directory.

ExchangeRight Fully Subscribes $113.34 Million Net-Leased DST Offering

ExchangeRight, a sponsor of securitized 1031 exchange real estate offerings, has fully subscribed its $113.34 million Net-Leased Portfolio 30 Delaware statutory trust offering.The portfolio...

FINRA Sanctions Broker for Using WhatsApp to Text Overseas Clients

The Financial Industry Regulatory Authority has fined Aegis Capital Corp. broker Paul Falcon $5,000 for using Facebook’s WhatsApp Messenger to communicate with three of...

Comrit Launches Unsolicited Tender Offer for Shares of AR Global’s Healthcare Trust

Comrit Investments 1 LP, a Tel Aviv-based investment fund, has launched an unsolicited tender offer to purchase up to 5 million shares of AR...

Greenbacker Buys Community Wind Project from Cornerstone Renewables

Greenbacker Renewable Energy Company LLC, a publicly registered, non-traded limited liability company, has purchased the rights to a two-turbine, 5-megawatt wind project named Holiday Hill...

NB Private Capital Engages Access Capital Group to Expand National Sales Team

NB Private Capital LLC, a real estate investment firm specializing in student housing and sponsor of private placement offerings, has engaged Access Capital Group...

Christina Appoints Industry Veteran as Managing Director and Head of Capital Markets

Christina Development Corporation, a real estate investment sponsor and manager, has appointed Richard Moran, a wealth management industry executive, to the newly created position...

InvenTrust Promotes Christy David to Chief Investment Officer

InvenTrust Properties Corp., a publicly registered non-traded real estate investment trust formerly known as Inland American Real Estate Trust, has promoted Christy David from...

Kestra Financial Recruits Wealth Management Team from Commonwealth

Kestra Financial Inc., an independent advisor platform, has recruited Ivory Wealth Management based in Essex, Connecticut, which oversees $214 million in client assets, from...

Hospitality Investors Trust Reaches Preliminary Settlement in Shareholder Lawsuit

Hospitality Investors Trust Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital Hospitality Trust, announced that a New...

Capital Square Launches Project-Specific Opportunity Zone Fund

Capital Square Realty Advisors, LLC, a sponsor of tax-advantaged real estate investments, has launched CSRA/GS Opportunity Zone V LLC, a project-specific opportunity zone fund.The...

Watermark Residential to Build Multifamily Community Near Huntsville, Alabama

Watermark Residential, a multifamily developer and wholly owned affiliate of Thompson Thrift, has purchased 22.5 acres of land in the Huntsville suburb of Madison,...

Former Woodbridge Broker Indicted for Alleged $9 Million Fraud on Elderly

The Texas State Securities Board announced that Brett Pittsenbargar, an Austin-based insurance agent who allegedly sold $9.3 million in fraudulent investments, is facing first-degree...

Megatel Hires Industry Veteran as Vice President of National Accounts

Megatel Capital Investment (MCI), the capital markets division of The Megatel Group, has hired Sean Boyd as vice president of national accounts. In his...

Massachusetts Finalizes State Fiduciary Rule

Secretary of the Commonwealth William Galvin has filed regulations to impose a fiduciary conduct standard in Massachusetts. The new regulations will go into effect...

Private Equity-Backed Wealth Enhancement Group Buys $1.3 Billion RIA

Wealth Enhancement Group, an independent wealth management firm that oversees $17 billion in client assets, has purchased JOYN Advisors Inc., a registered investment adviser...