Nicholas Schorsch’s former flagship REIT settles with investors for $1 billion

REIT | Published by Investment News | By Bruce Kelly¬†| Sep 9, 2019 @ 5:53 pm — Mr. Schorsch’s firm, American Realty Capital, will kick in $225 million as part of the settlement The company formerly known as American Realty Capital Properties Inc., a real estate investment trust founded by Nicholas Schorsch and rocked by… Read more »

FINRA Aims for Greater Transparency in Non-traded REIT Statements

New rule changes proposed by the securities industry regulators, if adopted, would give investors a truer picture of the costs to buy shares of non-traded real estate investment trust (REITs). The Peiffer Wolf securities lawyers often represent investors in non-traded REITs in cases arising out of unsuitable sales of such products to investors or out… Read more »

Brokerage Firms Sanctioned for Non-traded REIT Sales Practices

Berthel Fisher & Company Financial Services, Inc. (Berthel Fisher) and its affiliate, Securities Management & Research, Inc. (SM&R), both headquartered in Marion, Iowa, were recently sanction by securities regulators. The Financial Industry Regulatory Authority (FINRA) fined the two entities a combined $775,000, in part, for supervisory deficiencies concerning the sale of non-traded real estate investment… Read more »