Utah Senator Howard Stephenson Attacks Online Broker Records

Senator Howard Stephenson, from Utah, is currently targeting publically available internet broker records. Senator Stephenson complains that the “long-reach” of internet search engines “unfairly” reveal and publicize past enforcement investigations regarding investment brokers. He believes that these publically available enforcement investigations are smearing brokers’ reputations. The Utah Securities Commission though has disregard Senator Stephenson’s complaint;…

Who is Inland American Real Estate Trust, Inc.?

In the recent Massachusetts Securities Division suit against LPL Financial over non-traded REITs, Inland American Real Estate Trust was targeted. So who exactly is Inland American? In short, Inland American is the industry’s largest non-traded real estate investment trust. According to their website, Inland American Real Estate Trust, Inc. is a publicly traded Maryland corporation…

Massachusetts sues LPL Financial Over Non-Traded REITs

On December 12, 2012 the Massachusetts Securities Division filed suit against LPL Financial, LLC regarding the sale of non-traded REITs. Massachusetts specifically targeted LPL’s sale of Inland American Real Estate Trust. According to the complaint, LPL received at least $1,403,477.40 in commissions from sales of Inland American’s non-traded REITs. According to a recent article in…