Updated Saturday, April 18, 2015 as of 12:41 PM ET
New Hampshire Regulators Latest to Pursue LPL Over Nontraded REITs
New Hampshire wants LPL to pay $3.6 million in a fine, other costs and restitution, following millions LPL already has paid to FINRA and Massachusetts.
More in REITs
Heavy fluctuations in stocks have increased in recent years. Here's one solution for advisors and their clients. more »
Retail advice revenue accounted for roughly two-thirds of RCS's total full-year revenue of $2.8 billion, but the company's 2014 loss was almost 100 times greater than in 2013. more »
Latest setback for Schorsch's financial empire as accounting firm steps aside. more »
The latest Schorsch bombshell "makes quality advisors super uncomfortable," says executive recruiter Mindy Diamond. more »
Nicholas Schorsch has resigned from RCS Capital, New York REIT and 11 other non-traded real estate investment trusts and direct investment programs sponsored by AR Capital. more »
Investors have gotten more desperate in their pursuit of yield, reaching for ever-dicier products. What could possibly go wrong? more »
A change in S&P Dow Jones investment classifications has the potential to change both the makeup and the perception of some dividend-focused ETFs. more »
"He clearly wouldn't be walking way [from American Realty Capital] if things were business as usual,” says Aite Group analyst Alois Pirker. “The optics are just not very good." more »
RCS Executive Chairman Nicholas Schorsch and two other top executives resigned from American Realty Capital Properties. more »
ARCP filed the suit after RCS didn't complete an agreed purchase of shares in Cole Capital Partners and Cole Capital Advisors. more »
According to RCS, 51 selling agreements have been reinstated -- but the firm refused to disclose the names of any broker-dealers who have resumed selling its products. more »
With part of Nicholas Schorsch's real estate empire fracturing into warring factions, a chunk of his fortune may depend on whether RCS Capital can distance itself from the accounting missteps at American Realty Capital Properties. more »
RCS Capital said it was contacted by FINRA and the SEC after accounting errors were disclosed at American Realty Capital Properties. more »
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