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...
Argosy Buys Opportunity Zone Site for Nashville Multifamily Development
Argosy Real Estate Partners has purchased land in an off-market transaction to develop a 108-unit multifamily property located on an urban infill site in...
Voya Launches Advisor Managed Accounts Program with Morningstar
Voya Financial Inc. (NYSE: VOYA) has launched a new advisor managed accounts advisory program in collaboration with Morningstar Investment Management LLC.
Voya said that the...
Phillips Edison & Company Exploring Liquidity Options
Phillips Edison & Company Inc., an internally managed real estate investment trust focused on grocery-anchored shopping centers, reported that its board and management are...
Gladstone Securities Expands Distribution Team with National Accounts Manager
Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies, has hired Sean Boyd as vice president, national accounts manager. In his new role,...
Four Springs Capital Trust Buys Oklahoma City Industrial Property Leased to Amazon
Four Springs Capital Trust, a private real estate investment trust, has purchased a 312,000-square-foot industrial distribution facility located in Oklahoma City and net leased...
LPL Financial Recruits Former Sagepoint Financial Team
LPL Financial LLC, the nation’s largest independent broker-dealer, has recruited Progressive Financial Concepts, a team of financial advisors who collectively serve $450 million in...
Capital Square 1031 Buys Virginia Multifamily Community for DST Offering
Capital Square 1031, a sponsor of Delaware statutory trust offerings, has purchased Streets of Greenbrier, a 280-unit multifamily community in Chesapeake, Virginia, a city...
Phillips Edison Buys Shopping Plaza in Dallas-Fort Worth Market
Phillips Edison & Company Inc., an internally managed real estate investment trust focused on grocery-anchored shopping centers, has purchased Hickory Creek Plaza, a 28,000-square-foot...
Modiv’s Crowdfunded REIT Launches SPAC
Modiv Inc., a publicly registered non-traded crowdfunded real estate investment trust formerly known as RW Holdings NNN REIT Inc. and Rich Uncles NNN REIT...
