Tag: Nick Schorsch
Advisor Vows to Fight FINRA Charges of Inappropriate REIT Sales
The Financial Industry Regulatory Authority’s Department of Enforcement filed a disciplinary proceeding against Mark Sam Kolta, who, while associated with former FINRA member firm...
ARCP CFO Brian Block Ordered to Report to Federal Prison
Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief financial officer of American Realty Capital Properties, will begin serving his 18-month...
Appellate Court Upholds Securities Fraud Conviction of ARCP’s Brian Block
Last Thursday, the Second Circuit Court of Appeals upheld the conviction of Brian Block, long-time partner of AR Global’s Nicholas Schorsch and former chief...
AR Capital and Schorsch to Settle SEC Charges for $60 Million
The Securities and Exchange Commission has charged AR Capital LLC, its founder Nicholas S. Schorsch, and its former CFO Brian Block with wrongfully obtaining...
Brian Block Denied New Trial for ARCP Accounting Scandal
Brian Block, former chief financial officer of American Realty Capital Properties, was denied a new trial after being convicted of intentionally reporting false numbers...
Larry Roth Launches New Consulting Firm, Partners with Berkshire Global Advisors
Financial services industry veteran Larry Roth has launched RLR Strategic Partners, a growth consultancy focused on the retail wealth management and asset management spaces....
Cetera Acquired by Private Equity Firm Genstar Capital
After months of speculation, Cetera Financial Group, the second largest independent broker-dealer in the nation, has agreed to sell a majority stake of its...
Feds Urge Appeals Court to Uphold Conviction of ARCP CFO Brian...
Federal prosecutors filed their brief with the Second Circuit Court of Appeals on Wednesday urging the court to uphold the conviction of Brian Block,...
LPL and Advisor Group Parent Among Potential Cetera Buyers
LPL Financial and Advisor Group-owner Lightyear Capital are showing interest in buying Cetera Financial Group’s network of six independent broker-dealer firms, according to a...
Former ARCP Chief Accounting Officer Lisa McAlister Sentenced to Time Served
Lisa McAlister, the former chief accounting officer of American Realty Capital Properties Inc., was sentenced to time served and one year of supervised release...
Former ARCP CFO Brian Block Urges Court to Reverse Conviction
Brian Block, the former chief financial officer of American Realty Capital Properties and longtime partner of AR Global’s Nicholas Schorsch, is urging the Second...
Cetera Discloses Capital Structure Review, Retains Goldman Sachs
Cetera Financial Group, a network of six independent broker-dealer firms, has disclosed a capital structure review and confirmed the retention of Goldman Sachs &...
Vereit Restitution Claim Against Ex-ARCP CFO Denied
United States District Judge J. Paul Oetken has denied a $35 million restitution request by Vereit Inc. (formerly American Realty Capital Properties) following the...
