American Realty Capital Properties is continuing to face heat following yesterday’s bombshell announcement that it had knowingly released inaccurate financial statements overstating its funds from operations and understated its net loss.
With the explosive growth of public non-listed Real Estate Investment Trusts (REITs) during the last two years, investors may be asking themselves: Is this the right product for me? What do I need to know if I’m considering investing in one?...More
Revenues for Raymond James Financial climbed to a record high $1.29 billion in the fiscal fourth quarter, up 14 percent from last year, while profits climbed more slowly than the previous quarter....More
Invesco Ltd said on Thursday it plans to take over management of the PowerShares DB fund suite from Deutsche Bank AG as it looks to expand its commodity product lineup for its exchange-traded funds business....More
Wall Street's industry funded watchdog plans to intensify its scrutiny of cybersecurity practices at brokerage firms in 2015 and is hiring technology savvy examiners to help boost its efforts, an official said on Wednesday....More
Jeremie Banet, who left Pimco to operate a food truck selling croque-monsieur sandwiches in Los Angeles, is returning to Pacific Investment Management Co. next week as an executive vice president and portfolio manager....More
VIEWPOINTS: Matthias Paul Kuhlmey, Partner and Head of Global Investment Solutions (GIS), HighTower Advisors; Current conditions in Europe are a harsh reminder of 2011, and may lead the world's financial system to its very own stress test - not only limited to the European banking sector....More
Two Bitcoin companies, BitPay, a payment processor, and Vaurum, an exchange for institutional investors, have hired Arthur Levitt Jr., who served as the chairman of the SEC from 1993 to 2001, as an adivsor....More
Shares of Nicholas Schorsch’s American Realty Capital Properties plummeted Wednesday on news the company released inaccurate financial statements overstating its funds from operations and understated its net loss....More
The recent data security breaches at J.P. Morgan Chase, Target and Home Depot mean cybersecurity is top-of-mind for the financial services industry, with many firms looking to purchase additional insurance to protect in the event of a hack....More
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