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...
Rafael Novales
Articles
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...
Groma OZ Fund Development Near Boston Reaches Full Lease-Up
September 8, 2023
GromaCorp Inc., a real estate and technology startup and real estate sponsor, announced that Mosaic, the flagship property of the...
FINRA Fines and Suspends Ex-LPL Financial Advisor
September 8, 2023
The Financial Industry Regulatory Authority suspended and fined Kevin J. Carroll for borrowing money from one of his LPL Financial...
Legendary Capital Founder and REIT Advisors Ordered to Pay Nearly $5 Million for Inappropriate Expense Reimbursements
September 7, 2023
Corey Maple, the co-founder of non-traded REIT sponsor Legendary Capital, agreed to pay the Securities and Exchange Commission a civil...
ExchangeRight Fully Subscribes $110 Million DST Offering
September 7, 2023
ExchangeRight, a sponsor of diversified real estate DST and REIT investments, announced that the company has fully subscribed its Net-Leased...
SEC Issues Risk Alert Detailing Why a Firm May Be Targeted for Examination
September 7, 2023
The Securities and Exchange Commission’s Examinations Division published a new risk alert yesterday that details reasons why a firm may...
Atria Wealth Solutions Acquires Former Kestra Firm
September 7, 2023
Atria Wealth Solutions Inc., a wealth management solutions holding company, announced the completion of its acquisition of Grove Point Financial...
Former Securities America Advisors Join Cetera Financial Group
September 7, 2023
Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, announced that Brent McDonald and his Tar...
SEC Charges Five Investment Advisers with Custody Rule Violations
September 6, 2023
The U.S. Securities and Exchange Commission on Tuesday said it has charged five investment adviser firms for failing to meet...
Priority Income Fund Increases Annualized Cash Distribution Rate to 11.3%
September 6, 2023
Priority Income Fund, a non-traded closed-end fund, announced that its board of directors has declared additional steady monthly cash “base”...
Former Merrill Lynch Advisors with $205 Million in Assets Join LPL Financial
September 6, 2023
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Ed Winegar and Gregory Berg have joined LPL’s...
BV Capital Announces Plans to Build Two Texas Apartment Projects
September 6, 2023
BV Capital, a member of the Bridgeview family of companies, announced that they have funded the acquisition and development of...
RREEF Property Trust Updates Daily NAV Per Share for August
September 6, 2023
RREEF Property Trust Inc., a publicly registered daily net asset value real estate investment trust advised by DWS Group, reported...
SEC Sued Over Private Funds Rules
September 5, 2023
Six private equity and hedge fund trade groups on Friday sued the U.S. Securities and Exchange Commission, arguing the agency...
