Articles Posted in Business Development Companies

Risky, Illiquid Business Development Company Was Not Suitable for Many Investors If you are someone who invested in the Sierra Income Corporation, you may have lost money. This business development company (BDC) is a non-traded investment.  Earlier this year, Sierra Income suffered losses after its announced merger with Medley Capital…

The Financial Industry Regulatory Authority is ordering Purshe Kaplan Sterling Investments (PKS) to pay almost $3.4M in restitution to a Native American tribe. The tribe had paid excessive sales fees for the purchase of Business Development Companies (BDCs) and non-traded Real Estate Investment Trusts (REITs). Gopi Vungarala was the Purshe…