Eccleston Law: For Investors. For Advisors
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
Broker Transition
Transition Contract Review
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
CFP Board Matters
FINRA Matters
State Registration Problems & Discipline
Transition Contract Review
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
For Investors
Securities Fraud
Breach of Fiduciary Duty
Retirement Planning Negligence
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact
Site Menu
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
For Advisors: Overview
Broker Transition
Broker Transition Overview
Transition Contract Review
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
CFP Board Matters
FINRA Matters
State Registration Problems & Discipline
Transition Contract Review
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
For Investors
For Investors: Overview
Securities Fraud
Breach of Fiduciary Duty
Retirement Planning Negligence
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact

FINRA Proposes Greater Transparency in Non-traded REIT Statements

Posted on February 12th, 2014 at 9:20 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

FINRA has proposed rule changes that would disclose a more accurate cost of shares of a non-traded real estate investment trust (REIT).

The new rule change would consider the various fees and commissions paid to brokers and dealer managers, reducing the share price reflected on customer account statements.The proposed rule has two methodologies that broker-dealers can use when an estimated value is presumed reliable: net investment and independent valuation.

With net investment valuation, non-traded REITs now do not have to show an estimated per-share valuation until 18 months after the sponsors stop raising funds, which in many cases can take two or three years. The FINRA proposal drastically speeds up the process by which investors would see a more accurate valuation (e.g. less than $10 per share).

The alternative method is independent valuation. This could be used at any time. It would consist of the most recent valuation disclosed in the issuer's periodic or current reports and would require a third-party valuation determination.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags:

Share

Return to Archive

Latest Articles
SEC Files a Lawsuit Against Texas Residents Accused of Running a $3.8M Ponzi Scheme
April 20th, 2018 at 4:53 PM
FINRA Announces Increasing Protection for Senior Investors
April 20th, 2018 at 10:01 AM
Read More »
Latest News
James Eccleston joined the FPA of FL Board as the representative from the Suncoast chapter
April 18th, 2018 at 9:41 AM
Ameriprise advisor is 'bad-mouthing' our brokers, JPMorgan claims in lawsuit
April 13th, 2018 at 3:30 PM
Read More »
Share

Request a Free Consultation

Attorneys are standing by during regular business hours. Call us now for immediate service, or complete the form below and we will contact you as soon as possible.

Your E-mail Address:
 
Chicago
55 West Monroe St.
Suite 610
Chicago, Illinois 60603
(312) 332-0000
(312) 332-0003
New York City
One Liberty Plaza
165 Broadway, 23rd Floor
New York, New York 10006
(212) 203-9169
(312) 332-0003
Sarasota
240 South Pineapple Ave.
6th Floor
Sarasota, Florida 34236
(941) 363-6657
(312) 332-0003
Boca Raton
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431
(312) 332-0000
(312) 332-0003
2018 © Eccleston Law, LLC.
All Rights Reserved.
The law is continuously changing. Please do not rely on information found on this site without consulting a lawyer to determine if any recent changes in the law may have an impact.