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Blackstone Caps BREIT Withdrawals in January

Blackstone’s retail real estate fund limited investor withdrawals in January after outsize redemption requests that totaled more than $5 billion. Blackstone Real Estate Income Trust, known as BREIT, posted a statement Wednesday on its website that it filled 25% of investor withdrawal requests during January, in keeping with a policy of limiting monthly redemptions to […]

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National Realty Investment Advisors (NRIA) Ponzi Scheme

The president and a top officer of a real estate investment company were charged for their roles in a scheme to defraud more than 2,000 investors in a $650 million Ponzi scheme, and with conspiring to evade $26 million in tax liabilities, according to the U.S. Attorney’s Office. Thomas Nicholas Salzano, aka “Nicholas Salzano,” 64, of […]

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Risks of Over-Concentrated Securities Portfolio

An over-concentrated securities account is one where a significant portion of the portfolio is invested in a single security or a small group of securities. This can lead to a number of problems, such as: Increased Risk: Investing a large portion of one’s portfolio in a single security or a small group of securities increases […]

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SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program

The Securities and Exchange Commission today charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program. Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from hundreds of thousands of […]

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FINRA Suspends Broker Efrain Trujillo After Borrowing Money From Customers

Efrain Trujillo (CRD# 3106482) is a previously registered broker and investment advisor whose last known employer was Western International Securities, Inc. of Los Angeles, CA. His previous employers were Financial West Group and SRM Securities, Incorporated. Trujillo was in the securities industry since 1998. Trujillo has three FINRA actions in his CRD. The most recent […]

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