Real estate investment company MacKenzie Realty Capital has made an unsolicited mini-tender offer to purchase as many as 2 million shares of the non-traded real estate investment trust (REIT) Phillips Edison & Company (PECO). Many independent broker-dealers sold Phillips Edison to retail investors promoting it as a solid investment paying…
Securities Arbitration Lawyers Blog
Scott Silver Speaks To AutoNews.com About GPB’s Legal Troubles
Scott Silver, the managing partner of Silver Law Group, recently spoke to AutoNews.com for an article about GPB Capital’s ongoing legal troubles. GPB Capital investments were sold by SagePoint Financial, National Securities, and other brokerage firms. According to the article, GPB Capital Holdings is the majority owner of Prime Automotive…
The Parking REIT Subject Of A Class Action Lawsuit
A stockholder in The Parking REIT has filed class action lawsuit against the company in Nevada federal court. The lawsuit is related to the proxy statements MVP REIT II filed with the SEC to get shareholder approval to merge with MVP REIT, which created The Parking REIT. The company is…
Registered Individuals Suspended by FINRA in March 2019 for Failing to Comply with FINRA Rules
According to FINRA Disciplinary actions for March 2019, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Barrera, Cynthia Morgan Stanley Smith Barney Merrill Lynch, Pierce, Fenner & Smith …
FINRA Suspends Registered Individuals in March 2019 for Violations of FINRA Rules
According to FINRA Disciplinary actions for March 2019, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS Ferree, Stuart…
FINRA’s March 2019 Disciplinary Actions Name Individuals Barred for Failing to Comply with FINRA Rules
According to FINRA Disciplinary actions for March 2019, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS Alfaro, Jennifer…
FINRA Fines H. Beck $400,000 For Failing To Enforce Procedures
The Financial Industry Regulatory Authority Inc. fined H. Beck $400,000 on November 20, 2018 for failing to maintain and enforce its own written supervisory procedures. Failing to maintain their procedures has resulted in the unsuitable sale of L-share variable annuities tied to long-term riders. H. Beck is an independent broker-dealer…
FINRA Suspends Registered Individuals in February 2019 for Violations of FINRA Rules
According to FINRA Disciplinary actions for February 2019, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS Bishop, Tywan…
In February 2019, FINRA Bars Registered Individuals Due to Violations of FINRA Rules
According to FINRA Disciplinary actions for February 2019, the following individuals were barred from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS Arizmendi, Jose…
FINRA Names Individuals Suspended in February 2019 for Failing to Comply with FINRA Rules
According to FINRA Disciplinary actions for February 2019, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Grossman, Robert David Lerner Associates, Inc National Planning Corporation Jacobowitz, Oded …