Category: Blog Posts

FINRA Reforms Are Needed To Protect The Investing Public

Mar 28, 2017 / Blog Posts

Most investors in the United States must rely on the FINRA arbitration process to attempt to recover damages caused by investment professionals. Additionally, the investing public must rely primarily on FINRA regulators (along with the SEC) to protect investors from bad actors and bad actions of investment professionals. Unfortunately, many believe FINRA is not up to either job, much less both the regulatory and arbitration side of the investor watchdog […]

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National Planning Holdings Inc. Temporarily Halts Sales of American Realty Capital Properties Inc., REITs

Nov 11, 2014 / Blog Posts

On Thursday, October 30, National Planning Holdings Inc. (NPH), a group of four broker-dealers, informed their nearly 4,000 registered representatives and advisers that it is putting a temporary halt on sales of non-traded REITs (real estate investment trusts) connected to Nicholas Schorsch’s American Realty Capital Properties (ARCP) and its affiliates. This announcement came on the heels of ARCP’s revelation last Wednesday that some $23 million in accounting discrepancies from the […]

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The Problems at Strategic Realty Trust, Inc. Go Beyond the Recently Announced Share Re-price

Jul 22, 2014 / Blog Posts

Strategic Realty Trust Inc., formerly known as TNP Strategic Realty Trust Inc., recently informed its investors that the values of their shares (which were originally bought at $10 per share) were being re-priced to $7.11.   The new per share valuation of this non-traded REIT resulted, among several other factors, from Strategic Realty Trust’s troubles in negotiating extensions to pay its loans. For example, according to its quarterly report filed with […]

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Once Again REIT Investments Show Their True Colors

Jul 15, 2014 / Blog Posts

The Wall Street Journal recently highlighted investments of ongoing concern to Attorney Chris Vernon. Describing them as dangerous for retail investors,  identified Non-Traded REITs among the investments that retail investors should be wary of, here. As fixed income investors seek better returns in this low interest rate environment,  many are successfully pitched dangerous investments that pose as alternatives to traditional fixed income.  In reality,  these products often carry far more […]

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