B-Ds halting sales of Schorsch's REITs include some of the largest and most influential in the industry
As processing error delays commissions by a day, president Robert Moore moves to reassure advisers.
The average compensation for Finra's 3,400 employees last year was nearly double that of the average worker on Wall Street. Bruce Kelly takes a look at the numbers. <i>Plus:</i> <a href="//www.investmentnews.com/article/20140620/FREE/140629985"" target=""_blank"" rel="noopener noreferrer">Finra trims operating loss but comp costs climb</a>
Recent investigations of Pimco's Total Return Bond ETF and church bonds highlight the need to investigate an investment's truest price.
RCAP sales slow down in wake of ARCP accounting error, although the firm is optimistic activity will return as B-Ds resume selling its nontraded real estate investment trusts.
Cambridge joins list of independent broker-dealers suspending sales of Cole REITs; firm says it is waiting for 'more clarity' before deciding next step.
Execs replaced over what firm calls intentional errors; REIT king says problems will not affect other related firms. <i>(Plus: <a href="http://www.investmentnews.com/article/20140917/INFOGRAPHIC/140919935" target="_blank">Untangling Schorsch's vast web</a>)</i>
Former executive at LPL Financial will head up firm's nontraded REIT wholesaling and distribution unit.
<i>Bruce Kelly On Advice:</i> RCAP's acquisition of Cole Capital could pay dividends for Nick Schorsch's empire for years to come, though the transaction between two related companies raises questions.
RCS Capital seeks to pull out of a $700M deal to acquire two Cole companies from American Realty Capital Properties, which last week <a href="//www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle"" target=""_blank"" rel="noopener noreferrer">revealed a $23M accounting error</a>.
