Yearly Archives: 2023

Home 2023 (Page 5)

Egan-Jones Assigns BBB Credit Rating to ARCTRUST Affiliate

ARCTRUST, a 38-year-old, fully integrated real estate company specializing in development, acquisition and joint-venture funding, announced today that an affiliate of ARCTRUST has been assigned an Investment Grade Credit Rating of BBB from Egan-Jones Rating Company. This is the third ARCTRUST affili...
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Former Sagepoint Advisor Joins LPL Financial

LPL Financial LLC announced today that financial advisor Jeff Hedberg and the team at Hedberg Wealth Management has joined LPL Financials’ broker-dealer, RIA and custodial platforms. He reported having served approximately $150 million in advisory, brokerage and retirement plan assets*, and joins ...
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Increased Dividend for Capital Square Apartment REIT

Capital Square Apartment REIT announced that its board of directors has authorized a daily distribution rate of $0.00138 per day per share on its outstanding common stock for the period commencing on April 1, 2023 and ending on June 30, 2023. Distributions payable to each stockholder of record durin...
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FINRA Expels Broker-Dealer for Reg BI Violations

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...
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Starwood REIT Shakes Up Executive Management

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...
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Former N.J. Broker Ordered To Repay $1M In Investor Fraud Case

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...
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