The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
The infusion from UC Investments will give the $68 billion real estate investment trust a longer-term source of capital after it faced pressure from investors pulling cash.
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
GWG was a 'classic Ponzi scheme,' according to a group representing investors.
Meanwhile, 2022 has been another excellent year for sales of alternative investments, according to the report from Robert A. Stanger & Co.
One of the challenges of regulating these investments is that there’s no agreed-upon definition for them.
As financial advisers turn to complex products to help clients navigate volatile markets and rising interest rates, regulators are scrutinizing the investments more closely than ever.
Cory Youmans, an adviser in Plano, Texas, snagged Judge’s historic 62nd home run of the season on Oct. 4.
2022 was marked by soaring inflation and a sinking stock market, but it had some redeeming features, including the fact that increasingly fee-based revenues make it easier for advisory firms to weather such storms.
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
After the Blackstone Real Estate Income Trust and the Starwood Real Estate Income Trust limited redemptions, the SEC reached out to both firms to try to understand the events.
This market is triggering some tricky math for nontraded REITs, and it's the bean counting behind proration that could prove tormenting.
The money pouring into digital assets has attracted the attention of criminals.
But they need to be aware of stepped-up regulatory scrutiny of complex products, an expert tells advisers at the Financial Planning Association annual conference.
Bankman-Fried, who was arrested Monday in the Bahamas, also concealed risks and FTX's relationship with his trading firm, Alameda Research, the agency says.
Additionally, BNY Mellon invests in a fixed-income fintech and Broadridge partners with IntraFi on securities-backed lending.
The liquidity issue is squarely in the laps of financial advisers who have never had to deal with the difficulties posed by nontraded REITs before.
The move comes just days after Blackstone Inc. announced it would limit withdrawals from its $69 billion fund.
The board urges advisers to approach the asset class, which has struggled in 2022, with caution.
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
