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Our experts frequently write blog posts about the findings of the research we are conducting.

Displaying 31-40 out of 59 results for "Muni Markup Week".

This is How We Determined Investors Lost $27.7 Billion Investing in Non-Traded REITs

(Apr 2014)

Earlier this week we posted the summary results of our investigation into the performance of 27 non-traded REITs which had had a liquidity event by December 31, 2013. We found that investors are $27.7 billion worse as a result of investing in these 27 REITs rather than investing in a diversified portfolio of traded REITs. The post titled "Retail Investors Have Lost at Least $27.7 billion as a Result of Non-Traded REITs" is available on our blog.

Figuring out this $27.7 billion shortfall...

Retail Investors Have Lost at Least $27.7 billion as a Result of Non-Traded REITs

(Apr 2014)

As part of our effort to help investors avoid non-traded REITs, we have written over 25 blog posts on this defective investment type. We have noted in our research that because of high costs, illiquidity, lack of transparency and conflicts of interest, non-traded REITs should underperform liquid, low-cost traded REITs. A number of our blog posts including our post on the early trading in NYRT last week, titled "NYRT's Listing is More Evidence That Even the Non-Traded REITs Winners Are...

Enforcement Actions: Week in Review - April 18th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

Federal Prosecutors Charge Massachusetts Resident with Criminal Contempt Based On Violations of Court Orders Obtained by the SEC
April 16, 2014, (Litigation Release No. 22973)
Last week, Steven Palladino was charged with 25 counts of criminal contempt "based on his repeated violations of Court orders obtained by the Commission in its civil action against Palladino and his...company, Viking Financial Group, Inc." The SEC's 2011 complaint alleged that the defendants...

NYRT's Listing is More Evidence That Even the Non-Traded REITs Winners Are Losers

(Apr 2014)

The non-traded REIT, American Realty Capital New York Recovery REIT, Inc., renamed New York REIT, became a listed REIT this week. It opened at $10.70 and closed at $10.75 on April 15, 2014. Yesterday, April 16, 2014, it closed at $10.55 and today it closed at $10.62. We've posted extensively about the evils of non-traded REITs. You can find our previous blog posts on Non-Traded REITs to learn more.

The April 16, 2014 Wall Street Journal's "New York REIT Starts Fast" quotes Nicholas Schorsch...

Enforcement Actions: Week in Review - April 11th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Carter's, Inc.'s Former Vice-President of Operations with Insider Trading and Tipping
April 10, 2014, (Litigation Release No. 22970)
Richard T. Posey,former Vice-President of Carter's, Inc., has been charged with trading "based on inside information that he possessed as a result of his position at Carter's, and...tip[ping] material nonpublic information to the company's former Vice-President and Director of Investor Relations, Eric M. Martin." Posey...

Enforcement Actions: Week in Review - April 4th, 2014

(Apr 2014)

SEC ENFORCEMENT ACTIONS

SEC Charges Two Friends with Insider Trading Ahead of Impending Acquisition Announcement
April 3, 2014, (Litigation Release No. 22965)
According to the complaint, Walter D. Wagner and Alexander J. Osborn traded on insider information they learned from investment banker, John W. Femenia, "about the impending acquisition of The Shaw Group Inc." Wagner has agreed to a settle the charges by "disgorging his ill-gotten gains plus interest, with any additional financial...

Enforcement Actions: Week in Review - March 28th, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

SEC Obtains Order Enforcing Compliance with Order to Pay Over $5 Million in Disgorgement, Prejudgment Interest, and Civil Penalties
March 26, 2014, (Litigation Release No. 22952)
An opinion and order were entered this week "directing Walter Gerasimowicz, Meditron Asset Management, LLC, and Meditron Management Group, LLC to comply with the SEC order requiring them to pay $3,143,029.41 in disgorgement and pre-judgment interest, and a civil penalty of...

La Historia Reescribe la Junta de Reglamentos de Valores Municipales

(Mar 2014)

Kyle Glazier y Lynn Hume, escritores del artículo publicado la semana pasada en Bond Buyer : "Corredores Violan Declaración Oficial de Puerto Rico, MSRB (Junta de Reglamento de Valores Municipales en inglés) Vota a Favor de Transacciones al Detalle" hablan del desastre causado por la venta de pequeñas denominaciones de Bonos de Puerto Rico que van en contra del documento de oferta de dichos bonos. Los artículos "FINRA Examinando Compraventa de Bonos de Puerto Rico" y "FINRA Dice Estar...

The MSRB Re-Writes History

(Mar 2014)

Kyle Glazier and Lynn Hume's story in the Bond Buyer last week, "Brokers Violate Puerto Rico OS, MSRB Rules with Retail Trades", about small denomination trades in the recent Puerto Rico bond offering in contravention of the offering document set off a firestorm. The Wall Street Journal's "Finra Examining Trading in Puerto Rico Bonds" and Bloomberg's "Finra Says It's Examining Trading in New Puerto Rico Bonds" both reported on Friday that FINRA was looking into the suspect trades.

What did...

Enforcement Actions: Week in Review - March 21st, 2014

(Mar 2014)

SEC ENFORCEMENT ACTIONS

Manager of Pre-IPO Investment Funds Settles Fraud Claims
March 20, 2014, (Litigation Release No. 22949)
Frank Mazzola,brokerage firm Felix Investments, LLC, and investment adviserFacie Libre Management, Associates, LLC, have been charged with defrauding "investors in funds created to purchase shares of Facebook, Twitter, and other technology companies prior to their initial public offerings." According to the SEC, Mazzola and Felix Investments "arranged to be...

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