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...
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
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...
Trump Taps Finance Vet for Social Security, Names First AI/Crypto Czar
December 9, 2024
In addition to his nominating Paul Atkins as the next chairman of the U.S. Securities and Exchange Commission, President-elect Donald...
Independent Proxy Advisory Recommends NexPoint Nominees for UDF IV Board
December 9, 2024
In the ongoing dispute between the parties, alternative investments firm NexPoint Real Estate Opportunities LLC announced that independent proxy advisory...
Cerulli: 57% Of Advisers Choose Asset Managers Based on Client Service Quality
December 9, 2024
As financial adviser practices extend their competitive positioning beyond investment management, Cerulli Associates said the practices’ reasons for selecting asset...
LPL Adds Community Service-Oriented Team With $550M in Client Assets
December 9, 2024
Financial advisers Amanda Miller, Devin Richard, and Jonathan Vila, CRPC, of Frontline Investment Advisors have joined LPL Financial’s broker-dealer and aligned with...
Origin Investments to Convert IncomePlus Fund to a Private REIT
December 5, 2024
Private real estate manager Origin Investments is converting its Origin IncomePlus Fund LLC to a private real estate investment trust,...
Peachtree Extends Hospitality Portfolio With St. Augustine DST
December 5, 2024
Peachtree Group, a commercial real estate investment firm with a multibillion-dollar portfolio of equity and debt investments, has announced the...
Inland Promotes Company Veteran to Chief Investment Officer
December 5, 2024
The Inland Real Estate Group LLC, i.e., Inland, has promoted Joseph Binder to chief investment officer. In this role, Binder...
CAIS Updates Designed to Accelerate Advisers’ Alts Adoption
December 5, 2024
Alternative investment platform CAIS unveiled a series of new trade capabilities this week that will be made available to over...
Montego Fully Subscribes $16 Million Offering in Permian Basin
December 5, 2024
Montego Minerals, a long-term investor in oil and gas royalties and mineral rights, announced the full subscription of its 22nd...
Trump Nominates Crypto Enthusiast Paul Atkins to Lead SEC
December 4, 2024
President-elect Donald Trump has nominated digital asset industry lobbyist Paul S. Atkins to be chairman of the U.S. Securities and...
ExchangeRight Takes DST Full Cycle, Achieves Up to 147.67% Total Return
December 4, 2024
ExchangeRight, a sponsor of Delaware statutory trust and non-traded real estate investment trust investment offerings, has completed its 34th full-cycle event...
Bonaventure Adds David Pittman as Head of Capital Markets
December 4, 2024
Multifamily real estate investment company Bonaventure recently added David Pittman as head of capital markets. Based in Atlanta, Pittman brings...
