New Financial Disclosure Rules Pose Latest Hurdle for Beleaguered Non-Traded REIT Industry
Capital Raising in Non-Traded REIT Industry Plunges from Previous Years, According to Stanger, as Firms Brace for FINRA 15-02
Over the next few weeks, investors in non-traded REITs will begin receiving new financial statements mandated under new rules that require trusts and their broker-dealers to provide more accurate and timely information on the actual value of their investments as well as on broker commissions and fees paid by investors.
The revised account statements are required under regulations enacted on April 11 of this year by the Financial Industry Regulatory Authority (FINRA), the independent self-regulating agency for the financial industry, on behalf of the U.S. Department of Labor and the Securities and Exchange Commission.
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