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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (21108)	11/3/2014 7:12:49 PM
From: E_K_S	1 Recommendation Recommended By geoffrey Wren Read Replies (1) \| Respond to of 34328

Re: Cole Credit Property Trust V, Inc. First this - American Realty Capital to Buy Cole for $6.85 Billion (dated 10/23/2013) One year later Then this - Onetime rival Cole now a selling machine for Schorsch Asset manager expected to raise $3.1 billion this year for American Realty Capital Properties July 2014 Sales will be spurred by anticipated new selling agreements with broker-dealers, including industry leader LPL Financial, for Cole Credit Property Trust V Inc., according to David Kay, president of American Realty. “LPL represents north of 12,000 advisers, and they have just come on in the past week,” Mr. Kay said. Another fund could be introduced soon. “There's a significant number of new firms, as well. We are building business for the future.” ----------------------------------------------------------- The best I can figure is that the COLE division was selling these non-traded REITs . Not sure I even want to be associated w/ a company that sells these products. If anything is sour, it would be the way these transactions are accounted for including broker's commissions, client's shares and account values and (IMO) most everything that goes into selling these products. My smell test says something may be rotten here, specifically in these non-traded REITs. (Re: Cole Credit Property Trust V - Just speculation on my part but definitely no transparency from what I can find. A list of the properties and income w/ cap rates would be a good first start.) EKS

To: Steve Felix who wrote (21108)	11/4/2014 3:20:02 PM
From: E_K_S	Read Replies (1) \| Respond to of 34328

LPL Financial Indefinitely Suspends Sales of Investment Products Sponsored by American Realty Capital Properties and RCS Capital This article was dated 8/2012 Ameriprise, LPL Face More Claims Over Non-Traded REITs Just as broker/dealers have started to recover from investor claims related to fraudulent private placements, a new wave of claims is coming in related to sales of non-traded REITs that saw their values plummet. The latest are against Ameriprise Financial and LPL Financial and involve the sale of Inland Western REIT. Original investors bought into the Inland REIT at $10 to $12 a share. When Inland took the REIT public in April, changing its name to Retail Properties of America, it went through a reverse stock split and was priced at $8 a share. Original shareholders actually went through a 2.5-for-1 reverse stock split, which would yield a share price of around $3 for them. The effect has caused many investors to seek recourse from their advisor and broker/dealer. -------------------------------------------------------------- I wonder if ARCP has any such liability w/ their COLE division. As it is not really publicly traded, there is no "market" price of those non-traded REIT's. Amerprise was the outfit that screwed my Aunt w/ the sale of long term bonds w/ a huge up front commission that did not mature for 20 years. It was a bit much for an 83 yeard old lady w/ cancer that died 3 months later after being talked into this worthless investment. Buyer beware. EKS