CFP Board Suspends Broker Accused of Violating Reg BI with Improper GWG Bond Sales
The Certified Financial Planner Board of Standards Inc. has imposed an interim suspension against Patrick Egan, a certified financial planner and broker at Western...
Guest Contributor: A Guide to Understanding Proposed Changes to the QOZ Program
By: Russell Putnam, Co-President of FactRight
In 2017, Congress created the qualified opportunity zone (QOZ) program to encourage long-term investment in economically distressed communities by...
Versity Invest Expands Sales Team with New Hire and Promotions
Versity Invest LLC, a real estate investment firm that specializes in student and multifamily housing, has expanded its sales team. Carolyn Sumner was promoted...
Wealth Enhancement Group to Buy $574 Million RIA
Wealth Enhancement Group, an independent wealth management firm, plans to acquire Hawkins Wealth Management, a registered investment adviser with $574 million assets under management...
SmartStop Self Storage REIT Buys Self Storage Facility Near Denver
SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust, has purchased a self-storage facility in the Denver suburb of Aurora,...
GTIS Partners Launches Second Opportunity Zone Fund
GTIS Partners, a real estate investment firm focused on residential and industrial investments, has reported the launch its second qualified opportunity zone fund, GTIS...
SEC Fines Ernst & Young $100 Million After Auditors Cheat on Ethics Exams, Mislead...
Ernst & Young LLP, one of the largest accounting firms in the world, has been fined $100 million by the Securities and Exchange Commission...
CORE Pacific Advisors Fully Subscribes DST Offering of Oklahoma Multifamily Property
CORE Pacific Advisors, an investment advisory firm and sponsor of 1031 exchange offerings, has fully subscribed Maywood Apartments, a Delaware statutory trust offering comprised...
1031 Crowdfunding Fully Subscribes Senior Housing DST Portfolio
1031 Crowdfunding, a tax advantaged real estate investment platform, has fully subscribed its latest Delaware statutory trust offering, 1031CF Portfolio 2 DST, after raising...
UDF Executives Facing 20 Years in Prison Lose Bid to Remain Free Pending Appeal
Four United Development Funding executives who were recently sentenced to a combined 20 years in federal prison for fraud have lost their bid to...
Blackstone BDC Declares NAV Per Share and Special Dividend
Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), has declared its monthly net asset value...
Versity Reports 86.5% Total Return with TIC Student Housing Property Sale
Versity Invest LLC, a real estate investment firm specializing in student housing and conventional multifamily housing, has sold The Commons at Sawmill, a 194-unit...
NewStar Asset Management Expands Executive Team with New Hire
NewStar Asset Management, a real estate-focused alternative investment and asset management company, has hired Jennifer Dinkins as chief accounting officer. In her new role,...
Non-Traded Alts Raise $52 Billion Through May, Stanger Lowers REIT/BDC Sales Projections
Fundraising for non-traded alternative investments totaled $52.1 billion through May 2022, a 108 percent increase over the same period of 2021, according to Robert...
FINRA Fines United Planners over GPB Fund Sales
The Financial Industry Regulatory Authority has fined broker-dealer, United Planners' Financial Services of America, $40,000 over sales of GPB Holdings II LP, a private...
KBS REIT II Discloses Termination of $165 Million Union Bank Plaza Sale
KBS Real Estate Investment Trust II Inc., a publicly registered non-traded real estate investment trust, announced that the $165 million sale of Union Bank...
DOL Proposes Revised Definition of “Fiduciary”
The Department of Labor has reported in its Spring 2022 regulatory agenda that it plans to reveal its new fiduciary rule proposal in December,...
Blackstone REIT Completes $5.8 Billion Acquisition of Preferred Apartment Communities
Blackstone Real Estate Income Trust Inc, a publicly registered non-traded REIT managed by private equity giant The Blackstone Group (NYSE: BX), has completed its...
FINRA Orders National Securities to Pay $9 Million for Multiple Violations, Including GPB Sales
The Financial Industry Regulatory Authority has sanctioned broker-dealer National Securities Corporation approximately $9 million, including disgorgement of $4.8 million in net profits received for...
iCapital Secures Strategic Investment from Bank of America
iCapital, a global fintech platform focused on alternative investments, reported that Bank of America has made a strategic investment in the company. Financial terms...
