Reps react to Finra’s proposed rule changes on nontraded REIT costs
Some optimistic, others skeptical about plan to scrap the automatic per-share value of $10.
Registered representatives who sell nontraded real estate investment trusts and industry insiders greeted proposed Finra rule changes that would give investors a truer picture of what it costs to buy shares of such REITs with varying degrees of muted optimism and skepticism.
If approved by the Secu
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