William Galvin, the secretary of the Commonwealth of Massachusetts, today announced settlements with five leading independent broker/dealers to make $8.6 million in restitution to investors and pay fines totaling $975,000 for the sales of nontraded real estate investment trusts (REITs). These five firms are: Ameriprise Financial Services Inc., with $2.6 million in restitution and a […]

In an article from InvestmentNews.com, Bruce Kelly writes that after avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial LLC, are contending with potential fallout from a real estate private placement that faces pressure from its creditors. The financial advisers from both Commonwealth and LPL sold the […]

In an August 4, 2011, article by Bruce Kelly for InvestmentNews.com he writes that after avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial, LLC, are contending with potential fallout from a real estate private placement that faces pressure from its creditors. Kelley writes that financial advisers […]