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Search Results: REIT
Results 120-130 of about 228
Date: July 3, 2019
The tribe had filed an arbitration claim contending that it didn’t know that it was paying the firm millions of dollars in commissions on $190M of alternative investments that were purchased through former Purshe Kaplan broker Gopi Krishna Vungarala between ...
Date: June 25, 2019
Trouble is brewing with a number of nontraded real estate investment trusts (REITs) and now, investors are filing claims for their losses. One of the REITs, NorthStar Healthcare Income, Inc. , suspended distributions to investors on February 1. Closed to ...
Date: March 22, 2019
According to NorthStar’s board, the publicly registered nontraded real estate investment trust ’s (nontraded REIT) portfolio has been undergoing “operational and performance challenges” that as of the end of June 2017 has resulted in a “lower estimated value/share” of the ...
Date: November 18, 2018
A Financial Industry Regulatory Authority arbitration panel has awarded eight retirement investors $1,019,211 in a Texas real estate investment trust case involving three United Development Funding (UDF) REITs .
Date: October 3, 2018
SII Investments to Pay Back Clients Over Nontraded REITs Massachusetts Secretary of the Commonwealth William Galvin is ordering SII Investments Inc. to repay clients who purchased non-traded real estate investment trusts through the independent brokerage firm. ... It was last ...
Date: August 29, 2018
Investors who placed their funds in the Texas-based United Development Funding IV real estate investment trust are asking a federal judge to approve a $13.5M REIT fraud settlement they’d reached with the company over the allegations that it had been ...
Date: February 14, 2018
SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors’ Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block
Date: November 30, 2017
The REIT came under fire two years ago after an investor website issued a report accusing UDF IV of being run like a Ponzi scam. ... In its filing with the US Securities and Exchange Commission about the complaint, the ...
Date: November 9, 2017
Prosecutors accused Block of inputting bogus figures when preparing the REIT’s financial reporting. ... Following the disclosure of the accounting misstatements, American Realty’s share price plunged, taking with it over $3B of the REIT’s market worth. It was in late ...
Date: October 5, 2017
RCAP, once controlled by Schorsch and others, was a privately held brokerage firm that wholesaled American Reality Capital nontraded REITs.
