Rafael Novales

Articles

FINRA Orders Worden Capital to Pay $1.6 Million for Unsuitable REIT Investments

July 21, 2023

A Financial Industry Regulatory Authority arbitration panel has ordered Worden Capital, a brokerage formed in 2008 and expelled by FINRA...

SEC Settles Fraud Charges Against SPAC That Plans to Merge with Trump Media

July 21, 2023

WASHINGTON (Reuters) - A special purpose acquisition firm that is set to merge with former U.S. President Donald Trump's media...

FS Credit REIT Reports Slight Decline in NAV Per Share for June, Fulfills All Share Repurchase Requests

July 21, 2023

FS Credit Real Estate Income Trust Inc., a monthly net asset value REIT sponsored by FS Investments, has declared a...

FINRA Bars Multiple Advisors for Refusal to Provide Information

July 21, 2023

The Financial Industry Regulatory Authority has barred multiple advisors who refused to provide documents and information requested pursuant to FINRA...

Former Voya Advisor with $470 Million in Assets Joins Cetera Financial Group

July 21, 2023

Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, announced that Gary Cook has joined Cetera...

Brookfield REIT Updates Monthly NAV Per Share for June

July 21, 2023

Brookfield Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust formerly known as Oaktree Real Estate...

Starwood REIT Reports Decreased NAV, Lower Repurchase Requests in June 2023

July 20, 2023

Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Starwood Capital Group, has...

SEC Charges Twice-Convicted Fraudster and Five Others with $38 Million Ponzi Scheme

July 20, 2023

The Securities and Exchange Commission announced that they charged six individuals with a multi-million-dollar Ponzi-like fraud scheme orchestrated by “criminal...

Ares REIT Reports Lower Monthly NAV Per Share, Continues to Fulfill Share Repurchases

July 20, 2023

Ares Real Estate Income Trust Inc., a publicly registered NAV-based perpetual life real estate investment trust formerly known as Black...

Former Edward Jones Advisor with $235 Million in Assets Joins LPL Financial

July 20, 2023

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Laura Evans has joined LPL Financial’s broker-dealer, registered...

Pacific Oak REIT Recommends Shareholders Reject Mini-Tender Offer

July 20, 2023

The board of Pacific Oak Strategic Opportunity REIT Inc., a publicly registered non-traded real estate investment trust formerly known as...

Invesco REIT Reports Slightly Lower NAV Per Share in June

July 19, 2023

Invesco Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, declared a portfolio update and monthly...

SEC Establishes Plan of Distribution for Fraud Case Related to HCR Wealth Advisors

July 19, 2023

The Securities and Exchange Commission recently provided a notice on the Commission’s Rules on Fair Fund and Disgorgement Plans, specifically...

Apollo Realty Income Solutions Reports Monthly NAV Per Share

July 19, 2023

Apollo Realty Income Solutions Inc., a non-traded NAV real estate investment trust sponsored by Apollo Global Management Inc., has declared...

UMB Financial Corporation Appoints President of Institutional Banking

July 19, 2023

UMB Financial Corporation, a financial services company, announced the appointment of Phil Mason to the role of president, institutional banking.In...

Former Avantax Advisor Joins Cetera

July 19, 2023

Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, announced that Jacob Turley has joined the...

Silver Star Properties REIT Receives Notice of SEC Investigation

July 18, 2023

The Securities and Exchange Commission initiated an investigation related to Silver Star Properties REIT Inc., its acquisitions and/or its former...

Ares Industrial REIT Announces Slight Decrease in Monthly NAV Per Share

July 18, 2023

Ares Industrial Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust managed by Ares Management Corporation...

Former Cetera Advisors with $200 Million in Assets Join LPL Financial

July 18, 2023

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Jerry Kanter and Scott Mason with Advanced Benefit...