non traded reits

New Hampshire to LPL: Alt Investments Must Be Suitable

A recent lawsuit by the state of New Hampshire against LPL Financial, one of the nation’s largest networks of broker-dealers, should be setting off alarm bells among investors who were recommended non-traded REITs and other alternative investments by their brokers.

FINRA Has Its Eye on These Financial Products

Last month, the Financial Industry Regulatory Authority (FINRA) published its Regulatory and Examinations Priorities Letter. While the express purpose of this letter is to advise stock brokers and compliance officers about the focus of the accreditation exams many of them will be taking in 2015, the letter also indirectly puts investors and securities professionals on notice.