FINRA announced today that it has expelled broker-dealer SW Financial for multiple violations, including making misrepresentations to customers in its sales of private placement offerings of pre-initial public offering (pre-IPO) securities, churning customer accounts, and failing to supervise its re...

Barry Sternlicht’s nontraded real estate investment trust, facing redemption calls from its shareholders in a tough commercial property investment market, has shaken up its executive management team starting at the top. Starwood Real Estate Income Trust this week replaced John McCarthy, who ha...

The U.S. District Court for the Eastern District of New York last week entered a final judgment against a former New Jersey broker who was civially charged by the SEC with defrauding elderly clients. Under the consent order, Joseph Orazio DeGregorio was made to repay more than $1 million in ill-gott...

LPL Financial said Wednesday morning it had recruited veteran financial advisor Michelle Brennan Hall, who reportedly worked with $220 million in advisory, brokerage and retirement plan assets at her former broker-dealer, FSC Securities Corp., which is part of the Advisor Group network. Her firm, Br...

Red Oak Capital Holdings, LLC, a national commercial real estate finance company headquartered in Grand Rapids, MI, has appointed CRE finance veteran Stratos Athanassiades as regional manager – Midwest. Based in Chicago, he will originate commercial real estate bridge loans while cultivating and b...

Blackwells Capital LLC (together with its affiliates, “Blackwells” or “we”) today announced that Glass, Lewis & Co LLC (“Glass Lewis”), a leading independent proxy advisory firm, has endorsed its case for boardroom change at Global Net Lease, Inc. (NYSE: GNL) (“GNL” or “the Com...

Finra arbitrators ordered Oppenheimer & Co. Inc. to pay nearly $14 million to several Florida retirees who were victims of a Ponzi scheme perpetrated by a former Oppenheimer broker. It’s the latest setback for Oppenheimer involving investors who bought shares in the Horizon Private Equity III ...