SEC Charges Tennessee RIA and Its Owner With Religious Affinity Fraud
September 11, 2024
The U.S. Securities and Exchange Commission charged Cookeville, Tenn., resident Donald Anthony Wright, age 54, and his company, Retirement Specialty...
Mari Nicholson
Mari Nicholson is the managing editor of AltsWire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by AltsWire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
Greenwood Star Adds Veteran Wholesalers to Lead Sales Efforts for Perpetual Private Offering
September 11, 2024
Greenwood Star Holdings has enlisted two industry veterans to advance activities for Greenwood Star Income & Growth Trust Inc. –...
Inland Private Capital, Devon Self Storage Announce Delivery of N.J. Property
September 10, 2024
Real estate investment manager Inland Private Capital Corporation and Devon Self Storage, one of the largest privately owned U.S. self-storage...
Bluerock Taps Ex-Morgan Stanley Exec as Head of Product EVP to Capitalize on Townsend Partnership
September 10, 2024
Bluerock has hired Michael McGrath to serve as executive vice president and head of product. In this newly created role,...
SEC Settles Charges Against Nine RIAs for Marketing Rule Violations
September 10, 2024
The U.S. Securities and Exchange Commission settled charges against nine registered investment advisers for violating the Marketing Rule by disseminating...
Four Springs TEN31 Xchange Fully Subscribes $150.5 Million Industrial DST Offering
September 10, 2024
Four Springs TEN31 Xchange, a sponsor of 1031 exchanges and replacement property solutions, has fully subscribed its $150.5 million FSC...
HMC Capital Limited Completes Acquisition of Alts Management Platform StratCap
September 10, 2024
HMC Capital Limited – an Australian Stock Exchange-listed alternative asset manager focused on high-conviction strategies spanning real estate, private equity,...
Madison Communities Appoints Multifamily Sector Vet as New President
September 9, 2024
Madison Communities, the multifamily development affiliate of Madison Capital Group, has appointed McCarley Davis as its new president. Davis joins...
Directory Spotlight: Capital Square
September 9, 2024
Industrial Purchase Marks Invesco REIT’s First Majority-Owned Direct Real Estate Investment Since 2022
September 6, 2024
Invesco Real Estate Income Trust Inc. – a publicly registered non-traded real estate investment trust that invests primarily in stabilized,...
SEC Settles Charges Against Crypto-Focused Galois for Custody Failures, Inconsistent Redemption Practices
September 6, 2024
The U.S. Securities and Exchange Commission settled charges against Florida-based Galois Capital Management LLC for failing to comply with requirements...
JLL REIT Fully Subscribes $120 Million, Two-Property DST
September 5, 2024
JLL Income Property Trust – a daily net asset value, non-traded real estate investment trust with nearly $6.6 billion in portfolio equity...
Kestra Subsidiary Bluespring Wealth Partners Announces Jayaraman as President
September 5, 2024
Bluespring Wealth Partners announced Pradeep Jayaraman as its new president. Jayaraman assumed leadership for all functions at Bluespring, including strategy...
LPL to Acquire The Investment Center, Serving $9 Billion in Assets
September 4, 2024
LPL Financial LLC has entered into a definitive agreement to acquire The Investment Center Inc., a broker-dealer and registered investment...
SEC Slaps Credit Rating Agencies With Fines Totaling $49 Million in Ongoing Crackdown on Private Electronic Communications
September 4, 2024
The U.S. Securities and Exchange Commission yesterday brought charges against six nationally recognized statistical rating organizations, or NRSROs, for significant...
SEC Charges Californian With Operating Ponzi Scheme Targeting the Filipino-American Community
September 4, 2024
The Securities and Exchange Commission today charged 47-year-old Maria Dulce Pino Dickerson and her companies Creative Legal Fundings in CA...
Eagle Point Institutional Income Fund Reports 12.8% Annual Return at Midyear
September 4, 2024
Eagle Point Institutional Income Fund, a non-traded closed-end fund managed by Eagle Point Credit Management LLC, recently exceeded $100 million...
Ex-Wells Fargo FiNet Teams Bring Over $900 Million in Assets to LPL
September 4, 2024
LPL Financial LLC attracted several recent Wells Fargo Financial Advisors Network, i.e., FiNet, teams to its practice in the past...
Stanger: Aggregate Net Asset Value of NAV BDCs Up 15% in Q2 2024 Versus Q1 ’24
September 3, 2024
The non-listed business development company sector totaled $125 billion in investment value and $75 billion in net asset value as...
CAI Investments Launches All-Cash DST With Acquisition of S.C. Industrial Facility
September 3, 2024
Las Vegas-based CAI Investments LLC – an asset manager, developer, and private placement sponsor – recently acquired an industrial facility in...
