Department of Labor Unveils Proposed Exemption for Investment Advice Fiduciaries
The U.S. Department of Labor has released a new proposed class exemption that would allow investment advice fiduciaries to receive compensation for their advice....
XY Planning Network Considers Further Legal Challenges to SEC’s Regulation Best Interest
On Friday, the Second Circuit Court of Appeals rejected a lawsuit challenging the Securities and Exchange Commission’s Regulation Best Interest, which goes into effect...
Capital Square Closes on Construction Loan for Project-Specific Opportunity Zone Fund
Capital Square, a sponsor of tax-advantaged real estate investments, has secured a loan from M&T Bank to facilitate the construction of Scott’s Collection I,...
LPL Financial Recruits $530 Million Hybrid
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Altoona, Wisconsin-based Bernicke Wealth Management to its broker-dealer and hybrid retail investment advisor custodial...
SEC Bars Former LPL Advisor Over Fake African Charity
The Securities and Exchange Commission has barred former LPL Financial broker Dain Stokes, who was terminated by the broker-dealer last August after the New...
BDCA Reinstates Distribution Reinvestment Program, Amends Share Repurchases
The board of Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has reinstated the company’s distribution reinvestment...
Urban Catalyst Opportunity Zone Fund Hires New Projects Director
Urban Catalyst, an opportunity zone fund focused on ground-up development projects in Silicon Valley, has hired Mike Walsh as a projects director to oversee...
Advisor Group Adds Reg BI Compliance Tools to Account Management Platform
Advisor Group, the nation's largest network of independent wealth management firms, has added new features to its digital client onboarding and account management platform...
SEC Accepts VEREIT Settlement Over Schorsch-Era Accounting Scandal
The Securities Exchange Commission has agreed to accept a settlement offer from Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American...
Hartman Further Expands Sales Team with New Managing Director of Institutional Sales
Hartman, a sponsor of non-traded real estate investment trusts, has appointed Bernard (Ben) Vonderhaar II as managing director of institutional sales.
Vonderhaar has more than...
Inland Investments Expands Online Education Platform with COVID-19-Related Resources
Inland Real Estate Investment Corporation, a sponsor of non-traded real estate securities offerings, has expanded on its initial launch of The Inland Academy, an...
LPL Financial Recruits Financial Advisor with $120 Million in Client Assets
LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisor Corinne Koehler to its broker-dealer, corporate registered investment advisor and custodial platforms....
FINRA Expels Broker-Dealer Sandlapper Securities Following NAC Appeal
On Tuesday, FINRA's National Adjudicatory Council affirmed the expulsion of broker-dealer Sandlapper Securities, as well as the bar of founder and chief executive officer...
Hartman Names Managing Director of Eastern Sales Division
Hartman, a sponsor of non-traded real estate investment trusts, has promoted Gian Craparo to managing director for the Eastern Division.
Craparo and an internal sales...
Cary Street Partners to Buy RIA Waypoint Advisors
Cary Street Partners, an independent financial services firm, has agreed to purchase Waypoint Advisors, a Virginia Beach-based independent registered investment advisor with $215 million...
LPL Financial Recruits Former Securities America Team
LPL Financial LLC, the nation’s largest independent broker-dealer, has added Omaha, Nebraska-based Fogarty Wealth Management to its broker-dealer, corporate registered investment advisor, and custodial...
Capital Square Appoints EVP of Capital Markets and Director of Due Diligence
Capital Square, a sponsor of tax-advantaged real estate investment offerings, has appointed Marc Slavny as executive vice president of capital markets and director of...
W.P. Carey-Sponsored REIT Decreases Quarterly Net Asset Value Per Share
Corporate Property Associates 18 – Global Inc., a publicly registered non-traded real estate investment trust managed by W.P. Carey Inc. (NYSE: WPC), has updated...
Altigo Launches Digital Marketplace for RIAs to Source Alternative Investments
WealthForge, a financial technology company that helps automate investments into alternative securities, has launched Altigo Marketplace to help registered investment advisors source and allocate...
Resolute Capital Invests in Firm Focused on Technological Innovations
Private equity firm Resolute Capital Partners has made a $20 million investment in Finance Technology Leverage LLC, a private equity firm, to finance technological...
