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 ...

Advisor Group announced that an advisor team has joined its platform from RBC Wealth Management, where the team had $250 million in client assets. The team operates as Delich Wealth Management and joins Financial Dimensions Group, which is affiliated with Advisor Group’s Royal Alliance Associates ...

A former Centaurus Financial broker shuffled clients’ investments into a unit investment trust when more affordable options of the product were available, according to a settlement between the advisor, firm and the Financial Industry Regulatory Authority. The settlement with Centaurus and Florida-...

Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Lakeside on Riverwatch Apartments, DST, has been fully subscribed. The Regulation D private placement, wh...

LPL Financial announced that two advisors with a total of about $400 million in advisory, brokerage and retirement plan assets have joined its broker-dealer, registered investment advisor and custodial platforms from Advisor Group’s Securities America. The advisors, Thomas Reynolds and Kathleen Gf...