A recent Labor Department report showing the biggest job gain in 17 years has triggered a fall in the U.S. real estate investment market since September. The reason is speculation that the Federal Reserve will boost interest rates in the first half of this year.
The largest sponsor of illiquid non-traded REITs, American Realty Capital, is fighting what it says is a "mistaken perception" by state regulators that difficult-to-trade products are dangerous for investors.
Massachusetts securities regulators have fined LPL Financial for oversight failure associated with its sales of variable annuities.
