Sales of nontraded REITs have fallen off a cliff as the brokerage industry struggles to adapt to new regulations.
Robert Citrone, the Tiger cub who now runs one of the best-known macro hedge funds, is sounding the warning bell for investors.
Hybrid strategy between active management and index funds needs to perform and be cheap.
Plus: Here comes the bear market for bonds, Vanguard leads the way in net inflows this year, and Obamacare continues to crumble
Adapting to regulatory changes has been a struggle, meaning the nontraded REIT industry's worst fears have come true.
He is the second top executive to leave the company this year.
Embracing the reality of where the money is headed.
Plus: Goldman lowers the odds of a September rate hike, oil's bad day, and taxes worthy of your hatred
Former CFO Brian S. Block is being charged with overstating financial performance at American Realty Capital Properties Inc., now known as Vereit. <b><i>(More: <a href="http://www.investmentnews.com/article/20150921/FEATURE/150919894/how-nick-schorsch-lost-his-mojo"_blank">How Nick Schorsch lost his mojo</a>)</i></b>
Plus: Investors can't get enough of muni bond ETFs, finding robust yields in fine wines, and a pampered perspective.
The $247 million deal could be good for Mr. Schorsch and partners, but shareholders may not profit as much.
While terms were not released, the price tag could be as much as $70 million, according to one industry executive.
Company founded by one-time real estate mogul Nicholas Schorsch announces $3 million settlement with Massachusetts Securities Division and said it will lay off nearly 150 employees.
Regulator: "There is concern that retail customers may not fully understand the risks and the potential impact on their portfolios."
Make sure your clients fully understand the tax implications and overall risk profile of what they're buying.
Preferred Apartment Communities Inc. is selling nontraded preferred shares to help fund its growth, giving brokers a 7% commission.
Plus: Jim Cramer's mad method, prime money funds shrink, and how to have fewer regrets when you retire
Move comes at a time when industry is struggling from new regulations.
