SEC Charges Cantor Fitzgerald Over Misleading SPAC Disclosures
December 13, 2024
The U.S. Securities and Exchange Commission charged global financial services firm Cantor Fitzgerald L.P. with causing two special purpose acquisition...
Mari Nicholson
Mari Nicholson is the managing editor of The DI Wire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by The DI Wire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
JVM Realty Acquires Apartment Community Near Milwaukee
December 12, 2024
Multifamily real estate investment and property management firm JVM Realty Corporation has acquired a 236-unit apartment community in Wauwatosa, Wis....
Opto Co-Founder Joins Vise to Lead Expansion of Total Portfolio Solution for RIA Aggregators
December 12, 2024
Tech-driven investment management platform Vise announced the appointment of Kamal Jafarnia as chief legal officer and general counsel. With more...
Charles Schwab Study: Large RIAs Experience 17.4% Growth in Assets
December 12, 2024
Results from Charles Schwab’s 2024 RIA Benchmarking Study – which examined the trends and performance of 1,304 registered investment adviser...
Capital Square Promotes Hirth to Executive Vice President of Asset Management
December 12, 2024
Capital Square, a sponsor of tax-advantaged real estate investments, has promoted Chris Hirth to executive vice president of asset management....
SEC Charges L.A.-Based Individuals With Multimillion Dollar Fraud of at Least 40 Investors
December 12, 2024
The U.S. Securities and Exchange Commission filed charges against Los Angeles-based Frederick Tayton Dencer (Tayt Dencer), age 68, and his...
JLL Income Property Trust Acquires Minneapolis Industrial Park for $66.5 Million
December 11, 2024
JLL Income Property Trust – a daily net asset value, non-listed real estate investment trust with approximately $6.6 billion in...
SEC Charges Trio With Impersonating Advisers in Fraud Targeting Retail Investors
December 11, 2024
The U.S. Securities and Exchange Commission charged a trio – none of which are in the securities industry – with...
Former Western International Broker Settles SEC Charges for $2.1 Million
December 11, 2024
The U.S. Securities and Exchange Commission announced that it has filed a civil injunctive action against former broker Christopher Booth...
Bridge Investment Group Adds Trio to Enhance Wholesaling Efforts
December 10, 2024
Bridge Investment Group Holdings Inc. has hired three veterans – Mick Manning, Brian S. Rivera, and Dawn Impellizzeri – to...
Hamilton Point Fund Nets $9.6M Profit on Another Oklahoma Asset
December 10, 2024
The recent sale of Yukon on 15th in Oklahoma City, Okla., marks the seventh full-cycle transaction for Hamilton Point Investment’s...
Survey: Half of Advisers Allocate Over 10% Of Client Portfolios to Alts
December 10, 2024
According to the third annual independent survey conducted by CAIS and Mercer, nine in 10 financial advisers currently incorporate alternative investments...
SEC Fines Unregistered Rep for Role in $122 Million Oil & Gas Scheme
December 10, 2024
The U.S. Securities and Exchange Commission announced sanctions against David C. Underwood for his role in a $122 million oil...
Sealy Investment Securities Names New Head of Strategic Accounts
December 9, 2024
Sean McEntegart has become executive vice president of strategic accounts at Sealy Investment Securities LLC, the managing broker-dealer of Sealy...
SEC Fines Morgan Stanley $15 Million for Enabling Millions in Adviser Theft
December 9, 2024
The U.S. Securities and Exchange Commission announced that it has charged Morgan Stanley Smith Barney LLC, or MSSB, with failing...
NexPoint Fully Subscribes $46 Million Self-Storage DST Offering
December 9, 2024
Alternative investments firm NexPoint has fully subscribed its NexPoint Storage V DST. The Delaware statutory trust offering has reached its...
John Hancock Multi Asset Credit Fund Announces Name Change
December 9, 2024
John Hancock Multi Asset Credit Fund, an interval fund launched earlier this year by John Hancock Investment Management in partnership...
Kestra Private Wealth Services Adds $427M Ohio-Based Arc Private Wealth
December 9, 2024
Kestra Private Wealth Services, a registered investment adviser subsidiary of Kestra Financial Inc., recently announced the addition of Arc Private...
Griffin Capital Fully Subscribes $45M Multifamily DST in South Carolina
December 9, 2024
Private real estate investment manager Griffin Capital Company LLC has fully subscribed its multifamily 1031 exchange Delaware statutory trust offering,...
Minnesota Firm With $96 Billion in Assets Disaffiliates With LPL
December 9, 2024
Plymouth, Minn.-based registered investment adviser Wealth Enhancement Group is disaffiliating from LPL Financial, as confirmed by the independent broker-dealer and...
