NFN8 Group, Inc., an Austin, Texas company that sold investors interests in cryptocurrency-mining equipment and “hosting” arrangements, filed for Chapter...
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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 »
Timothy Myers: $100K Oil & Gas Complaint Against Austin Advisor
A recent investor complaint against USCA Securities financial advisor Timothy Myers (CRD# 1874522) alleges that misconduct connected to an oil and gas investment, resulting in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Austin, Texas.
Jim Peters: $200K Complaint Against Grace Wealth Management Advisor
Jim Peters (CRD# 2665577), a financial advisor based in Irvine, California, recently received an investor complaint alleging he engaged in misconduct. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Centaurus Financial, doing business as Grace Wealth Management Group.
Kapolei Advisor Joe Appolito Receives Suitability Complaint
Commonwealth Financial Network advisor Joe Appolito (CRD# 6698) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Kapolei, Hawaii. He was formerly affiliated with firms including Ameriprise Financial Services and United Planners’ Financial Services of America.
Bloomington Advisor John Copenhaver: Suitability Complaint
Edward Jones financial advisor John Copenhaver (CRD# 5516072) recently received an investor complaint alleging more than $500,000 in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Bloomington, Illinois.
Bruce Napier: $435K L Bond Complaint Against Indianapolis Advisor
Ausdal Financial Partners advisor Bruce Napier (CRD# 4555202) recently received an investor complaint regarding an investment in GWG L bonds. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered in Indianapolis and Greenwood, Indiana.
