The US Chamber of Commerce, the Financial Services Institute, and the Securities Industry and Financial Markets Association suffered a setback in their bid to have an injunction granted that would block the introduction of the Labor Department's fiduciary rule, pending an appeal of its legality. Their petition was denied by US District Judge Barbara Lynn.
The right of private action in the Department of Labor's fiduciary rule -- the measure's primary enforcement mechanism -- is under close scrutiny as the agency reviews the rule's costs. "It's possible to draft a rule that ensures that there's not unlimited liability and still make sure advisers work in [their clients'] best interest," said Sean Tuffy, a senior vice president at financial-services firm Brown Brothers Harriman.
Boston Fed President Eric Rosengren is concerned about rising real estate prices. "Because real estate holdings are widespread, and the monetary and macroprudential tools for handling valuation concerns are somewhat limited, I believe we must acknowledge that the commercial real estate sector has the potential to amplify whatever problems may emerge when we at some point face an economic downturn," he said.
Increases in interest rates do not necessarily lead property values to fall, research from TH Real Estate finds. "If interest rates are rising because of stronger economic growth, as is currently the case, real estate demand will also likely be growing," said Tom Park of TH Real Estate.
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The IPASummit 2017 is the essential event of the year: a deep dive into regulatory and legislative affairs, culminating with Congressional meetings on Capitol Hill. Attendees will speak directly with senior leadership at the most influential broker-dealers and discuss the impact of the new administration's agenda with senior regulators and legislators. Join leaders from across the industry as we tackle the challenges and opportunities ahead of us!
Discover a wealth of investment ideas with Hines Securities Hines Securities is the broker-dealer affiliate of Hines, the international real estate investment, development and management firm. Hines Securities offers investment products to individual investors through select broker-dealers and their financial advisors and RIAs.
Griffin-American Healthcare REIT III acquired $514.1 million in health care real estate properties in 2016 and now has an international portfolio valued at about $2.9 billion, said Jeff Hanson, the REIT's chairman and CEO. Fourth-quarter property acquisitions totaled about $72.3 million.
AR Global's American Finance Trust has approved a $23.37 per share estimated net asset value, marking the first update since the $24.17 per-share NAV from Dec. 31. American Finance Trust recently finished a merger with affiliated non-traded REIT American Realty Capital Retail Centers of America.
The advent of Facebook Live, which can enable advisors to make live video presentations, could be an effective tool, but legal expert Yasmin Zarabi warns that financial services firms should take care to ensure compliance with Financial Industry Regulatory Authority rules. She discusses why certain content could be problematic and recommends firms have a clear social media policy.
Nothing great will ever be achieved without great men, and men are great only if they are determined to be so.
Charles de Gaulle, military leader and statesman
The Investment Program Association (IPA) was formed in 1985 to provide effective national leadership for the
direct investment industry.The IPA supports individual investor access to a variety of asset classes not
correlated to the traded markets and historically available only to institutional investors. These include
public non-listed REITs (NL REITs), business development companies (BDCs), energy and equipment leasing programs,
and private equity offerings. For 30 years the IPA has successfully championed the growth and improvement of
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investments are held in the accounts of more than 2 million individual investors, and the IPA's member companies
operate or have properties in all 50 states. Today these investment products function as a critical component
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economy. The mission of the IPA is advocating direct investments through education. Access the wealth of IPA
educational material, or visit the IPA online for more information
about becoming a member.