Articles Posted in Crown Capital Securities

On November 7, 2019, an arbitration panel for the Financial Industry Regulatory Authority (FINRA) ordered Watsonville, California, stockbroker Kenneth Barroga and Crown Capital Securities, L.P. to pay over $160,000 in damages to a customer who had invested her entire life savings in non-traded real estate investment trusts (REITs) and business development companies (BDCs).  The award included damages for elder financial abuse.

The REITs and BDCs involved are listed below:

REITs & BDCs

  • Business Development Corporation of America
  • Sierra Income Corporation
  • Steadfast Income REIT Inc.
  • ARC Realty Finance Trust Inc.
  • Benefit Street Partners Realty Trust, Inc.
  • ARC Healthcare Trust II
  • Healthcare Trust, Inc.
  • Northstar Healthcare Income

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