Rout that began with a weak French debt auction has spread to the U.S. market.
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
The prosecution labeled Mr. Block's cover story as a "total charade," while the defense described the other side's two star witnesses as liars.
With testimony concluded, case could go to the jury as early as Thursday
Former CFO claims everything he did was 'appropriate' and 'correct.'
Prosecution rests case in fraud trial against CFO of American Realty Capital Properties.
Lisa McAlister acknowledges she has lied before, but asserts she's telling the truth now.
Long-time broker-dealer exec will head real estate firm's sales unit
Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.
Independent broker-dealers and RIA firms need to encourage the proliferation of new cost and compensation practices.
With regulations and other factors changing the marketplace, the publicly traded REIT will focus on its core business in the net lease market.
Attorney questions why Ryan Steel didn't raise accounting concerns with firm's auditor or law firm.
A former high-ranking executive testified that he repeatedly raised warnings of an accounting error at the real estate investment trust.
Mr. Block last year pleaded not guilty to charges, including conspiracy and securities fraud, stemming from accounting at the REIT once controlled by Nicholas Schorsch.
Commodity funds have lost an average 8.7% a year over the past five years.
Firm will pay $650,000 for suitability, compliance and books and records violations.
Cash, alternatives, international all beckon, but all have pros and cons.
According to a recent court filing, the former nontraded REIT czar was keeping a close eye on adjusted funds from operation as the company was preparing to release second quarter earnings in 2014.
