Brokers Must Give Back Millions Because of REITs - Five - TopicsExpress

Brokers Must Give Back Millions Because of REITs - Five broker-dealers will pay $10.75 million restitution to Massachusetts customers to whom they sold risky and complicated nontraded real estate investment trusts. This restitution comes through the actions of the Secretary of the Commonwealth William Galvin, as an article in InvestmentNews says. In recent months, Galvin’s office has been taking a hard look at the sales of alternative investments to seniors, includ... ow.ly/2zGXD4

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