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Monthly Archives: March 2021

FINRA Fines Three Broker-Dealers for Selling “Risky” Alternative Mutual Fund

The Financial Industry Regulatory Authority has censured and fined three broker-dealers, Cambridge Investment Research, Securities America, and J.W. Cole Financial, for failing to reasonably...

Advisor Group’s SagePoint Recruits Solo Practice from LPL

SagePoint Financial, an independent wealth management firm within the Advisor Group network, has recruited Rosenblum Wealth Management, a solo practice based in Jupiter, Florida,...

RK Properties Fully Subscribes $44 Million DST Offering

RK Properties, a sponsor of alternative private placements and 1031 exchange offerings, has fully subscribed its $44 million Delaware statutory trust offering for Pointe...

Captrust Names Head of Wealth Management Group, Reports Record Growth for 2020

Captrust Financial Advisors, an independent registered investment advisor, has promoted Eddie Welch to managing principal for the wealth management group. The firm also reported...

17-Year Prison Sentence for Financial Planner Who Improperly Sold Alts

Former broker Anthony Diaz was sentenced on Friday to 210 months in prison and three years of supervised release for wire fraud and mail...

Urban Catalyst Funds Hires Director of National Sales

Urban Catalyst, a San Jose-based opportunity zone fund sponsor, has hired 15-year industry veteran Pisoot Senethavilay as director of national sales to lead the...

Red Oak Adds Three to Finance Team, Expands into Southern California

Red Oak Financial, a Michigan-based commercial real estate finance company, has hired three new commercial real estate finance professionals, including Jim Giovanni as commercial...

LPL Financial Recruits Three Advisors from Securities America

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Steven Allison, Jonathan “David” Cummings, and Raymond Empkey to its broker-dealer, corporate...

Nuveen Registers Closed-End Interval Fund Focused on Municipal Securities

Nuveen has registered a closed-end interval fund called Nuveen Enhanced High Yield Municipal Bond Fund to invest in municipal securities, according to a preliminary...

Sila Realty Trust Reports Fourth Quarter 2020 and Year-End Results

Sila Realty Trust Inc., a publicly registered, non-traded real estate investment trust formerly known as Carter Validus Mission Critical REIT II, reported its operating...