Industry Groups Bash SEC’s “Continued War on Technology”
September 14, 2023
Fourteen advocacy associations representing various aspects of the financial services industry voiced their strong opposition this week to the SEC’s...
Rafael Novales
Articles
Preferred Capital Securities Names New President of Preferred Shareholder Services
September 14, 2023
Preferred Capital Securities LLC, an independent managing broker-dealer, has hired Claire McLean as chief operating officer and president of Preferred...
FINRA Bars Former Charles Schwab Rep for Stealing Social Security Funds
September 14, 2023
The Financial Industry Regulatory Authority barred Ethan Christopher Martin, a former Charles Schwab registered representative, for stealing approximately $6,981 of...
ExchangeRight Takes 33rd Offering Full-Cycle
September 13, 2023
ExchangeRight, a sponsor of diversified real estate DST and REIT investments, announced that the company brought its 33rd offering full-cycle.The...
SEC Fines YieldStreet $1.9 Million Over Disclosure Failures
September 13, 2023
The Securities and Exchange Commission announced a settled action against New York-based YieldStreet Inc. and its registered investment adviser subsidiary,...
NexPoint Makes Co-Investment in DST Offering
September 13, 2023
NexPoint announced it has made an initial investment in NexPoint Life Sciences II DST, a Delaware statutory trust, through a...
North Square Selects Ultimus as New Fund Administrator
September 13, 2023
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor services, announced it is the newly selected fund...
LPL Financial Recruits Another Wells Fargo Advisors Team
September 13, 2023
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that father and son financial advisors Michael Climer and South Carolina...
DOL Submits New Fiduciary Rule for Review; Faces Fierce Resistance
September 12, 2023
The Department of Labor is facing strong opposition to its newly released proposal that “would amend the regulatory definition of...
Cetera to Acquire Avantax for $1.2 billion
September 12, 2023
Avantax Inc. (NASDAQ: AVTA), a tax-focused financial planning firm, and the parent company of Cetera Financial Group, one of the...
SEC Broadens Marketing Rule Crackdown; Fines Nine Firms for Violations
September 12, 2023
The Securities and Exchange Commission announced charges against nine registered investment advisers for advertising hypothetical performance to the general public...
InPoint Commercial Real Estate Income Recommends Shareholders Reject Tender Offer
September 12, 2023
The board of InPoint Commercial Real Estate Income Inc., a commercial mortgage non-traded real estate investment trust, made a filing...
Cottonwood Communities to Restate Financials; Suspends Offerings
September 11, 2023
Cottonwood Communities Inc., a publicly registered non-traded real estate investment trust focused on multifamily real estate investments, announced that they...
BREIT Receives $3 Billion in August Redemption Requests
September 11, 2023
Blackstone Real Estate Income Trust Inc., a non-traded real estate investment trust sponsored by Blackstone Inc. (NYSE: BX), received redemption...
Osaic Snags $600 Million Firm from Wells Fargo
September 11, 2023
Osaic, an independent wealth management firm formerly known as Advisor Group, announced that Investment Consulting Group has joined its recently...
SEC Shuts Down Alleged Multimillion Dollar Ponzi Scheme
September 11, 2023
The Securities and Exchange Commission obtained a preliminary injunction against Mina Tadrus and Tadrus Capital LLC in relation to an...
SmartStop Self Storage Recommends Shareholders Reject Tender Offer
September 11, 2023
The board of SmartStop Self Storage REIT Inc., a self-managed non-traded real estate investment trust, made a filing with the...
Blackstone Private Credit Fund Equity Raise Surges in Third Quarter
September 8, 2023
Blackstone’s (NYSE: BX) nearly $50 billion non-traded business development company has raised $2.4 billion thus far through the third quarter,...
Former Goldman Sachs Partners Start Credit-Focused Alternative Investment Firm
September 8, 2023
Former Goldman Sachs Group Inc. partners Tom Connolly and Mike Koester co-founded a new firm, 5C Investment Partners, an alternative...
Former Lincoln Financial Group Advisors with $800 Million in Assets Join LPL Financial
September 8, 2023
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Validus Financial Associates has joined LPL Financial’s broker-dealer, registered investment...
