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Monthly Archives: May 2020

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Griffin-American Healthcare REIT IV Reports First Quarter 2020 Financials

Griffin-American Healthcare REIT IV Inc., a publicly registered non-traded real estate investment trust, recently filed its first quarter 2020 financials and provided a letter...

ARCP CFO Brian Block Ordered to Report to Federal Prison

Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief financial officer of American Realty Capital Properties, will begin serving his 18-month...

JVM Securities Appoints Industry Veteran as New President

JVM Securities LLC, the brokerage and distribution arm of JVM Realty Corporation, has appointed Holly Onachilla as president.In her new position, Onachilla will assume...

LPL Financial to Buy $2 Billion Hybrid with 35 Advisors

LPL Financial LLC, the nation’s largest independent broker-dealer, has agreed to purchase the assets of E.K. Riley Investments LLC, a broker-dealer and registered investment...

FS KKR Capital Corp. II to List on the NYSE Next Month, Announces Reverse...

FS KKR Capital Corp. II (FSK II), a non-traded business development company, has commenced the final steps to prepare for listing on the New...

Massachusetts Securities Division Charges GPB for Allegedly Defrauding Investors

The Massachusetts Securities Division has charged GPB Capital Holdings with allegedly violating state securities laws, after an investigation found that the company purportedly issued...

Inland Real Estate Income Trust Suspends Distributions, Rescinds 1Q20 Distribution

Inland Real Estate Income Trust Inc., a publicly registered, non-traded real estate investment trust, has suspended distributions and rescinded the first quarter distribution that...

FINRA Amends Rules to Incentivize Payment of Arbitration Awards

The Financial Industry Regulatory Authority has amended its Membership Application Program (MAP) rules to incentivize the timely payment of arbitration awards by preventing a...

Private Equity Firm Ares Management to Pay $1 Million to Settle SEC Charges

Ares Management LLC, a Los Angeles-based private equity firm and registered investment adviser, has agreed to pay $1 million to settle charges brought by...

Griffin Capital Opportunity Zone Fund Surpasses $360 Million in Fundraising

Griffin Capital Qualified Opportunity Zone Fund L.P., a Regulation D opportunity zone fund sponsored by alternative investment asset manager Griffin Capital Company LLC, has...

MacKenzie Launches Tender Offer for Shares of Pacific Oak Strategic Opportunity REIT

MacKenzie Realty Capital, a publicly registered non-traded business development company, has launched an unsolicited tender offer to purchase 160,000 shares of Pacific Oak Strategic...

LPL Financial Recruits Father/Son Duo from Morgan Stanley

LPL Financial LLC, the nation’s largest independent broker-dealer, has added father and son advisors Bruce and Duncan Kelm of the newly minted ArrowPoint Wealth...

RW Holdings NNN REIT Reduces NAV Per Share and Distribution Rate

RW Holdings NNN REIT Inc., a publicly registered non-traded real estate investment trust formerly known as Rich Uncles NNN REIT Inc., has declared a...

Capital Square 1031 Fully Subscribes DST Offering of Multifamily Community in Virginia Beach

Capital Square 1031, a sponsor of Delaware statutory trust offerings, has fully subscribed CS1031 Saltmeadow Bay Apartments DST, a Regulation D private placement offering...

SEC Charges Three Former KPMG Audit Partners for Exam Sharing Misconduct

The Securities and Exchange Commission has settled charges against three former KPMG LLP audit partners who allegedly shared answers to internal training exams and...

Ameriprise Advisor With $143 Million in Assets Rejoins Company After 26 Years

Ameriprise Financial (NYSE: AMP) announced that financial advisor Timothy O’Connor recently rejoined the franchise channel after spending the last 26 years at Merrill Lynch,...

FS KKR Capital Corp. II BDC to Give Update on Public Listing

FS KKR Capital Corp. II (FSK II), a non-traded business development company, will provide its shareholders with additional details in the "coming weeks" on...

Hearing Panel Rejects FINRA Allegations Against Shopoff Securities and Officers

In a decision delivered yesterday, a three-person Financial Industry Regulatory Authority hearing panel dismissed fraud charges leveled by the agency’s Department of Enforcement against...

Atria Wealth Solutions Buys Broker-Dealer with $11 Billion AUA

Atria Wealth Solutions Inc., a wealth management holding company, has closed the acquisition of Western International Securities Inc, an independent broker-dealer based in Pasadena,...

The Parking REIT Delays Calculating Net Asset Value Per Share

The Parking REIT Inc., a publicly registered non-traded real estate investment trust formed by the December 2017 merger of MVP REIT and MVP REIT...