Dow Jones
Regulators’ newly signaled concern over sales of non-traded and private real-estate investment trusts, or REITs, may be focused on dealings with seniors and with disclosure of just how illiquid these instruments are. The Financial Industry Regulatory Authority, or Finra, is conducting a sweep of broker-dealer sales and promotion practices related to non-exchange-traded and private REITs, […]
San Luis Obispo Tribune
SLO County investors put money in risky hedge fund promoted as safe by adviser, regulator says More than $8.8 million has been awarded to a group of San Luis Obispo County investors – clients of Jeffrey Forrest of WealthWise LLC in San Luis Obispo – who lost millions in what amounted to a risky hedge […]
San Luis Obispo Tribune
A group of San Luis Obispo County investors – clients of Jeffrey Forrest of WealthWise LLC in San Luis Obispo who had lost millions in the failed APEX Equity Options Fund – has been awarded more than $8.8 million in damages by the Financial Industry Regulatory Authority, an independent regulator of U.S. securities firms. The […]
Los Angeles Business Journal
By Ryan K. Bakhtiari Due diligence, fiduciary duty, transparency, risk management, oversight. It’s all part of the sacred bond of trust between financial services firms and the investors who entrust them with their money. Somehow, the lines of that trust became increasingly blurred when it concerned investing with Bernie Madoff and his allegedly corrupt hedge […]
Wall Street Journal
Investors who lost money with Bernard Madoff shouldn’t count on the Securities Investor Protection Corp. riding to their rescue. The federally mandated SIPC has a narrow requirement as to what it covers — generally theft in brokerage accounts. Furthermore, securities attorneys say the nonprofit organization, which is supported by brokerages’ membership fees, has a miserly […]