To settle FINRA accusations that it used misleading marketing materials when selling Wells Timberland REIT, Inc., Wells Investment Securities, Inc. has agreed to pay a $300,000 fine, as well as to an entry of the findings. ... FINRA claims that ...

The broker-dealer and its brokers earned $341.5 million in commissions and Apple REITs sales. ... They had purchased $5.7 billion in Apple REIT offerings from the financial firm’s brokers. ... Nontraded REITs Nontraded real-estate investment trusts gather cash from investors ...

DLA has been Apple REITs only underwriters for nearly two decades. ... Since January, DLA also has been sole underwriter for Apple REIT Ten, which has sold over $300M of a $2B offering of shares. ... The SRO says that ...

Merrill has reiterated that broker-dealers and banks are responsible for supervising not just their brokers but also their sales assistants, who are able to access confidential client information.

Louis Investment Club” and invest in “St Charles REIT. ... He also created bogus invoices that looked like official ownership certificates for REIT purchases. ... Charles REIT investment.

The SEC says Ameriprise demanded and got “revenue sharing” payments to sell the REITs but neglected to disclose it was receiving the payments. ... SEC Enforcement Director Robert Khumazi says the broker-dealer’s clients were not told that brokers had incentives ...

REIT Manager W.P. ... Park, and its former chief accounting officer Claude Fernandez paid $10 million in undisclosed compensation to a brokerage firm that sold real estate investment trusts (REITs).

REIT Investors around the world can now take advantage of a global property boom in commercial real estate. Whereas several years ago, only six other nations, including the United States, allowed investors to invest in real estate investment trusts, there ...