Cole turns down bid from rival American Realty Capital; minimizes the premium
Advisers, investors looking for answers after REIT's management rejects generous bid from American Realty Capital
20-year vet was key to broker-dealer's emergence as industry juggernaut
Suddenly, two giants in the REIT universe are going at it hammer and tong. At stake? Creation of the largest net-lease real estate investment trust.
Industry watchers say acquisitive broker-dealer Cetera may be eying two of the insurer's B-Ds.
According to a letter sent out by CEO Mark Casady, LPL plans to outsource a number of back office jobs this year. As a result, some current employees will be let go in the second half.
Media darling Anastasios “Tommy” Belesis and his firm are being investigated by the FBI, Finra and the SEC
In a move not seen in a long time, LPL has launched a national media campaign. It's a tricky bit of business for the brokerage, which has always maintained the company's brand takes a backseat to its reps.
Five ex-brokers have filed affidavits claiming their onetime boss, TV regular Tommy Belesis, ran a 'pump and dump' operation at his indy B-D. In the latest twist in the saga, the high-profile Mr. Belesis has dropped a suit he filed against the reps in January.
