-
December 4, 2013
Comments (0)
Blog, Securities Fraud
2013 has been a tough year for Tony Thompson and many who purchased investments offered by the real estate investment firm, Thompson National Properties (TNP). To kick off the year, investors in TNP Strategic Realty Trusts were informed that monthly dividends would be cut from monthly payments to quarterly payments.
Read More »
-
August 15, 2013
Comments (0)
Blog, Securities Fraud
According to Investment News, the board of TNP Strategic Retail Trust has asked for the resignation of co-CEO and founder, Tony Thompson. In addition, the board of the nontraded REIT has relieved Thompson as manager of the REIT’s properties. Although Thompson still has connections to the REIT, according to his
Read More »
-
April 22, 2013
Comments (0)
Blog, Securities Fraud
According to Investment News TNP Strategic Retail Trust REIT fired their accounting firm, McGaldrey, LLP, on April 15th for failing to file two “reportable events” with the SEC last year. “McGladrey notified the REIT last August “that it would no longer be able to rely upon the representation
Read More »
-
March 20, 2013
Comments (0)
Blog, Securities Fraud
According to a recent SEC filing, because of loan compliance issues with its lenders, TNP Strategic Retail Trust Inc. will not pay a dividend in the first quarter of 2013 and may not pay any type of distribution for 2013. Based on reports, short-term liquidity issues, including an accelerated maturity date of loans,
Read More »