Former Cobleskill, New York financial advisor Meredith Webber (CRD# 2435263) was recently named in a pending enforcement action. Financial Industry...
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Hilltop’s Brad Winges & Steve Coma: $13 Million Complaint
An investor complaint against Hilltop Securities advisors Brad Winges (CRD# 1929509) and Steve Coma (CRD# 1414147) alleges eight-figure damages. Financial Industry Regulatory Authority records show that Mr. Winges is a broker in Dallas, Texas, where he is also affiliated with Momentum Independent Network. Mr. Coma, meanwhile, is a broker registered in Charlotte, North Carolina.
Jon Murdock: Ex-Edward Jones Advisor Had Investor Complaint
Former Edward Jones broker Jon Murdock (CRD# 6435392) recently received an investor complaint alleging he provided misleading assurances. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that he is currently an investment advisor with Hohimer Wealth Management in Seattle, Washington.
Jennifer Marcontell: 188K Complaint Against Mont Belvieu Advisor
A recent investor complaint against Ameriprise Financial Services advisor Jennifer Marcontell (CRD# 4008873) alleges her conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor based in Mont Belvieu, Texas. She is also known as Jennifer White.
KBS Capital Markets: Non-Traded REITs Have Significant Risks
KBS Capital Markets Group is a Newport Beach, California-based real estate investment firm known, among other things, for offering three non-traded real estate investment trusts (REITs): KBS Growth & Income REIT, KBS REIT II, and KBS REIT III. Formed in 2006, KBS has more than $7 billion in assets under management as of June… Read More »
Franklin BSP Realty Trust/Benefit Street Partners Realty Trust Losses
On October 18th, 2021, the non-traded, publicly registered real estate investment trust (REIT) Franklin BSP Realty Trust completed its merger with the publicly traded REIT Capstead Mortgage Corporation. At the time of the merger’s completion, Franklin BSP Realty Trust, previously known as Benefit Street Partners Realty Trust, was “the fourth largest publicly-traded commercial mortgage… Read More »
Sierra Income: Was Non-Traded BDC Investment Too Risky?
In March 2022 Sierra Income Corp., previously a non-traded business development company (BDC), marked the completion of its merger with Barings BDC Inc., a publicly traded BDC. The successful merger followed a terminated merger attempt with Medley Corporation and Medley Management, which Sierra reportedly attributed to factors including the economic uncertainty caused by the… Read More »
Hospitality Investors Trust Bankruptcy: Investors May Have Options
Hospitality Investors Trust is a publicly registered, non-traded real estate investment trust whose initial offering became effective in 2014 and which declared bankruptcy in 2021. According to the REIT’s website, the company “owns a diversified portfolio of strategically-located hotel properties throughout the United States within the select service market of the hospitality sector.” Shares… Read More »
Thomas Rydell: CFP Board Sanctions Royal Alliance Advisor
Milpitas, California financial advisor Thomas Rydell (CRD# 5020102) recently received an investor complaint alleging six-figure damages. Records provided by the Financial Industry Regulatory show that he is currently a representative of Royal Alliance Associates, while records provided by the Certified Financial Planner Board of Standards show that his right to use his CFP certification… Read More »
Christopher Turean: Advisor Investigated for Alleged Misappropriation
Former Carmel, Indiana financial advisor Christopher Turean (CRD# 4779139) is under investigation by the IRS and the US Postal Service. Records provided by the Securities and Exchange Commission and the Certified Financial Planner Board of Standards show that he was previously a representative of Valeo Financial Advisors and has been sanctioned by the CFP… Read More »
Healthcare Trust: Non-Traded REIT Investment Had “High Degree of Risk”
Healthcare Trust Inc., also known as HTI, is a multi-billion dollar real estate investment trust (REIT). Publicly registered but non-traded, Healthcare Trust has declined from its original value of $25/share. Investors who have suffered loses in their Healthcare Trust investments may be entitled to damages, especially if their financial advisors represented the REIT as… Read More »
