State securities regulators are making noise about implementing changes to policies that would limit how much a client's net worth could be invested in nontraded real estate investment trusts. Those limits would have helped clients in the case of a Louisiana broker who now has a Finra complaint.
The owners of Gemini Real Estate Advisors have dueling claims against each other.
The transaction follows several similar deals in recent months, and the trend is likely to continue.
The regulator said he misrepresented $50 million private offering that later went into default
The law firm, which is representing the real estate investor in a number of cases, cites a breakdown in communication and failure to pay legal fees.
For former fundraising powerhouse that fell on hard times after the real estate crash, a share listing could be “good event.”
LPL gets back in the broker-dealer M&A hunt, adding to their retirement arm via Financial Telesis' 470 reps and RIA.
Gives SEC another month to act on proposal.
B-D says new deal will result in cost savings comparable to what it would have realized had it moved clearing in house.
The indie B-D behemoth is facing more turnover at the top, this time among its team of investment management professionals.
