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John Nicholas Matson Barred by FINRA

John Nicholas Matson (CRD #1796541) has been barred from association with any FINRA member in all capacities. The sanction was issued following an Acceptance, Waiver, and Consent (AWC) agreement in which Matson consented to the findings without admitting or denying them. The bar comes as a result of Matson’s refusal to provide documents and information […]

Blackstone Blocked BREIT Investor Withdrawals

Blackstone Inc recently announced it has blocked investors from cashing out their investments in its $71 billion real estate income trust (BREIT) as the firm struggles with a surge in redemption requests. In February, BREIT fulfilled $1.4 billion in redemption requests, covering only 35% of the approximately $3.9 billion total requests for the month, according […]

SEC Charges Virginia Investment Adviser with Orchestrating a Fraudulent Investment Scheme

The SEC’s complaint alleges that, from at least January 2014 through September 2019, Ryan R. Riley, of Leesburg, Virginia, solicited advisory clients and other individuals to invest in securities issued by his companies, Green Light Energy, LLC and Mustang Resources, Inc. According to the complaint, Riley induced investors to invest by claiming that he would […]

Blackstone Defaults On $562MM CMBS

This morning, Bloomberg reported that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a $562 million bond. This bond was backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord acquired by Blackstone in 2018. This default is a significant event in the financial […]

Former Convicted Felon to Pay $24 Million to Settle SEC Charges for Operating a Ponzi and Pyramid Scheme

The Securities and Exchange Commission today announced the resolution of its fraud action against Eric J. “EJ” Dalius and the business he owned, Saivian LLC. Dalius and Saivian LLC have agreed to pay $24 million in disgorgement, prejudgment interest and penalties to settle the SEC’s claims against them for operating a multi-million dollar Ponzi and […]