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Monthly Archives: December 2022

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SECURE 2.0 Act Becomes Law

After it was passed by Congress last week, President Biden signed the $1.7 trillion omnibus spending bill into law yesterday. The massive federal legislation...

Top Ten Reasons New Sponsors Fail

By: Jan Ryan, JCC Capital Markets The direct participation program industry can be extremely lucrative, but a high percentage of new sponsors fail. Even sponsors...

Former Registered Rep Sentenced to 20 Years for $115.5 Million Ponzi Scheme

Christopher A. Parris, 42, formerly of Rochester, New York, and currently of Lawrenceville, Georgia, was sentenced this week to 20 years in federal prison...

Four Springs Capital Trust Withdraws Registration Statement

Four Springs Capital Trust, a distributor of tax-deferred 1031 exchanges, made a filing with the Securities and Exchange Commission that requested the withdrawal of...

Keystone Buys $32.5 Million Orlando Property for DST Offering

Keystone National Properties, a sponsor of non-traded alternative investments, announced its acquisition of a Walgreens Call Center in Orlando, Florida for their next Delaware...

Griffin Realty Trust Completes Sale of Office Properties to Workspace Property Trust

Griffin Realty Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Griffin Capital Essential Asset REIT, announced the completion of...

FINRA Fines Another Broker-Dealer for Improper GPB Private Placement Sales

The Financial Industry Regulatory Authority fined Moloney Securities Co. Inc. after the broker-dealer supposedly failed to inform 37 investors in offerings related to GPB...

Larry Roth to Lead Binah Capital Following Merger of Wentworth and Kingswood

Kingswood Acquisition Corp. announced that wealth management industry leader Larry Roth will become executive chairman of Binah Capital Group Inc., a national wealth management...

FINRA Fines Broker-Dealer for Improper GPB Private Placement Sales

The Financial Industry Regulatory Authority fined Coastal Equities Inc. earlier this month after the company allegedly failed to properly supervise a registered representative who...

SEC Obtains Final Judgement Against Arizona Man for Defrauding Elderly Investors

The U.S. District Court for the District of Arizona entered final judgment against Conrad Coggeshall in a previously filed Securities and Exchange Commission case...

FINRA Bars Former LPL Rep

The Financial Industry Regulatory Authority barred John Nicholas Terzis, formerly a registered representative with LPL Financial LLC, the nation’s largest independent broker-dealer, after he...

Blackstone Private Credit Fund Updates Monthly NAV

Blackstone Private Credit Fund, a non-traded business development company sponsored by private equity giant Blackstone (NYSE: BX), updated the monthly net asset values for...

$600 Million Kansas RIA Joins LPL

LPL Financial LLC announced that Strategic Partners Inc. has joined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms, aligned with National Financial Alliance. Strategic...

Passco and Greystone Acquire Tennessee Independent Living Community

Passco Companies LLC, a sponsor of Delaware statutory trust offerings and other alternative investments, in conjunction with Greystone, has acquired an independent living community...

Strategic Student & Senior Housing Trust Provides 3Q Update

Strategic Student & Senior Housing Trust, a publicly registered non-traded real estate investment trust sponsored by an affiliate of Strategic Asset Management LLC, provided...

AR Global’s GNL Files Countersuit Against Blackwells

Global Net Lease Inc. (NYSE: GNL), externally managed by Nicholas Schorsch-led AR Global, filed a complaint against Blackwells Capital LLC, an affiliate of Blackwells...

Cantor Fitzgerald Takes Nashville Multifamily DST Full-Cycle, Delivers 15% IRR

Cantor Fitzgerald L.P. announced the sale of a 326-unit, garden-style apartment community in Nashville, Tennessee. The sale was facilitated on behalf of investors in CF...

Strategic Storage Trust VI Inc. Acquires 930-Unit Canadian Storage Facility

Strategic Storage Trust VI Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc., acquired...
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ADISA Video: Compliant Use of Alternative Investments

The DI Wire’s publisher, Damon Elder, interviewed Mike Kell, senior vice president at iCapital, to discuss the compliant use of alternative investments. Kell begins...

Alternative Investment Fundraising on Pace to Top $100 Billion in 2022

According to the latest report from Robert A. Stanger & Co., non-traded alternative investments are on pace to raise more than $100 billion in...