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September 6, 2013
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Blog, Securities Fraud
According to reports, five brokerage firms agreed to pay an additional $10.7 million in restitution to investors who purchased non-traded real estate investments (REITs). Back in May the five firms agreed to pay $6.1 million in restitution and $975,000 collectively in fines, following an investigation by Massachusetts
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January 28, 2013
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Blog, Securities Fraud
According to a report in the Investment News, LPL has told its 13,000 registered reps and investment advisers that it is cracking down on sales of leveraged, inverse and monthly reset mutual funds. As of April 1, LPL reps no longer can source those kinds of mutual funds directly from a fund sponsor such as …
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December 12, 2012
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Blog, Securities Fraud
According to reports, Massachusetts securities regulators have sued LPL Financial, LLC over sales practices of brokers regarding non-traded REITs. Apparently the Secretary of the Commonwealth charged LPL Financial with a failure to supervise registered reps who sold the nontraded REITs in violation of both state
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