“All requirements for confirmation of the plan have been satisfied,” Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., ruled.
Her decision marks the beginning of the end of a nightmare for most of the 9,000 Cetera brokers who were snapped up in an acquisition spree over the past several years by RCS’ former executive chairman and nontraded REIT kingpin Nicholas Schorsch.
Our firm has been using Blue Vault from the first year it was available.
We have found it to be a valuable tool to verify what wholesalers tell us and to dig deep into how the reported investments are really performing.
We appreciate that Blue Vault has expanded its services from initially covering REIT's to now also including BDC's.
Our clients also appreciate that we conduct this additional due diligence on their behalf.