DOL rule will hurt many senior living workers over time
By
John O'Connor
Apr 25, 2024
It’s a bit exhausting to keep writing about ways good intentions from our regulatory agencies keep fueling disastrous outcomes.
Law firm seeks to represent Brogdon investors
By
Lois A. Bowers
Dec 08, 2015
A New Orleans-based law firm is investigating potential claims on behalf of investors in municipal bond offerings orchestrated or assisted by Christopher Brogdon, who is facing SEC fraud charges.
Brogdon ordered to develop investor repayment plan
By
Lois A. Bowers
Jan 10, 2016
Christopher Brogdon, the Atlanta-based businessman accused by the SEC of misusing investor funds raised to purchase and renovate senior living facilities, has been ordered by a federal court to develop...
Broker-dealer says it will ‘vigorously defend’ against allegations
By
Lois A. Bowers
Nov 23, 2015
A representative for the dealer-broker that served as a placement agent for some of the holdings of a businessman accused by the Securities and Exchange Commission of misusing the funds of senior living...
SEC charges senior living exec with fraud, freezes assets
By
Lois A. Bowers
Nov 20, 2015
An Atlanta-based businessman amassed nearly $190 million through municipal bond and private placement offerings in which investors purportedly earned interest from revenues generated by the assisted living...
Sonida CEO optimistic about future after ‘transformational’ year
By
Kimberly Bonvissuto
Mar 28, 2024
2023 was a “transformational” year for Dallas-based Sonida Senior Living, and it paved the way for growth in 2024 and beyond, President and CEO Brandon Ribar said Wednesday during the company’s...
Senior living-related charges net $1.6 million settlement from BOK subsidiary
By
Lois A. Bowers
Sep 11, 2016
A subsidiary of Oklahoma-based BOK Financial Corp. has agreed to pay more than $1.6 million to settle charges that it concealed information from investors in municipal bond offerings to purchase and renovate...
Debt-related efforts among ‘significant performance milestones’ for Sonida, execs say
By
Kathleen Steele Gaivin
Mar 28, 2024
Dallas-based Sonida Senior Living has optimized its balance sheet “through the comprehensive restructuring and modification of our debt,” culminating in a $47.75 million equity private placement that...
Former senior living executive’s bankruptcy might jeopardize $86 million investor repayment plan
By
Lois A. Bowers
Sep 21, 2017
An Atlanta-based businessman accused by the SEC of misusing investor funds raised to purchase and renovate senior living facilities has filed for bankruptcy, calling into question his ability to fulfill...
Cantone Research denies FINRA claim of loss to investors
By
Lois A. Bowers
Feb 16, 2016
A complaint against a broker-dealer that served as a placement agent for some holdings of a senior living businessman in trouble with the Securities and Exchange Commission contains “blatant misrepresentations,”...