Search found 597 matches

by GeorgiaGulf
Thu Jan 15, 2015 11:42 am
Forum: Apple REITs & David Lerner
Topic: DLA Broker Nailed on Theft of Assets
Replies: 0
Views: 3618

DLA Broker Nailed on Theft of Assets

STAMFORD, Conn. -- A 38-year-old Stamford man will serve a year and a day in federal prison for defrauding more than 20 of his investment clients of over $190,000 when he worked for David Lerner Associates in Westport, the U.S. attorney said. Michael Lombardo Jr. was sentenced Wednesday by Senior U....
by GeorgiaGulf
Fri Oct 31, 2014 2:39 pm
Forum: American Realty Capital REITs
Topic: Nick Scorsch in a Spot of Trouble
Replies: 0
Views: 3949

Nick Scorsch in a Spot of Trouble

http://www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle
by GeorgiaGulf
Sun Oct 19, 2014 6:25 am
Forum: Apple REITs & David Lerner
Topic: Most Unusual.....
Replies: 3
Views: 2735

Most Unusual.....

It's not every day that you see a brokerage firm named after a man who was EXPELLED BY REGULATORS in his industry.



Just sayin.......
by GeorgiaGulf
Sat Oct 04, 2014 7:04 pm
Forum: Apple REITs & David Lerner
Topic: The ULTIMATE in Hypocrisy
Replies: 14
Views: 7396

Re: The ULTIMATE in Hypocrisy

Speaking of hypocrisy, I called my ic to see if they planned to re-start the redemption program because it looks like they won't be providing ANY sort of liquidity in the near term. He said he didn't know but he doubted it. When I asked him why he thought that way, he said that it seems EVERYTHING ...
by GeorgiaGulf
Thu Sep 11, 2014 5:31 am
Forum: Apple REITs & David Lerner
Topic: Interest Rate Increase!
Replies: 9
Views: 5146

Re: Interest Rate Increase!

They actually did that? They increased the dividend by .002%? Keep in mind, a REIT has to distribute 90% of it's taxable income, at a minimum, or risk losing it's classification. No cigar, sadly. The REIT reported a loss before income taxes of ($49,271) through June 30, primarily because of the $11...
by GeorgiaGulf
Wed Sep 10, 2014 7:12 am
Forum: Apple REITs & David Lerner
Topic: Interest Rate Increase!
Replies: 9
Views: 5146

Re: Interest Rate Increase!

They actually did that? They increased the dividend by .002%?

Keep in mind, a REIT has to distribute 90% of it's taxable income, at a minimum, or risk losing it's classification.
by GeorgiaGulf
Wed Aug 27, 2014 11:54 am
Forum: Apple REITs & David Lerner
Topic: NASAA Considering New REIT Rules
Replies: 0
Views: 1913

NASAA Considering New REIT Rules

Regulators considering new rules to protect REIT investors Guidelines would reign in risks associated with non-traded real estate investment trusts August 27, 2014 02:10PM Non-traded real estate investment trusts could soon face higher regulatory hurdles. The North American Securities Administrator...
by GeorgiaGulf
Tue Aug 26, 2014 5:26 pm
Forum: Apple REITs & David Lerner
Topic: Unfazed by Charges, Seniors Still Swoon for David Lerner
Replies: 8
Views: 5563

Re: Unfazed by Charges, Seniors Still Swoon for David Lerner

Original article from TheStreet.com

http://www.thestreet.com/story/12783630/1/unfazed-by-finra-charges-seniors-still-swoon-for-david-lerner-pitch.html
by GeorgiaGulf
Tue Aug 26, 2014 5:25 pm
Forum: Apple REITs & David Lerner
Topic: Unfazed by Charges, Seniors Still Swoon for David Lerner
Replies: 8
Views: 5563

Unfazed by Charges, Seniors Still Swoon for David Lerner

http://www.lifehealthpro.com/2014/08/26/unfazed-by-finra-charges-seniors-still-swoon-for-d Where there’s a will there’s a way. This turn of phrase might best sum up news that one brokerage firm is still pitching a niche investment product after running afoul of the Financial Industry Regulatory Auth...
by GeorgiaGulf
Thu Aug 21, 2014 2:10 pm
Forum: Apple REITs & David Lerner
Topic: SEC Kid Gloves DLA and Apple
Replies: 2
Views: 2472

SEC Kid Gloves DLA and Apple

Not sure if this was posted, but this is the outcome of the SEC action against Apple- some fines, and a promise not to do it anymore. Slap on the wrist, IMO

http://www.sec.gov/litigation/admin/2014/33-9548.pdf