Due diligence is key for alternative investments

08/13/2013 | InvestmentNews (free registration)

Recent fraud allegations against real estate investor Tony Thompson highlight the necessity of due diligence regarding the growing field of alternative investments, writes Bruce Kelly. Independent broker-dealers who rely on reports by third-party lawyers hired by product sponsors may not be taking sufficient account of the potential conflict of interest. "Advisers and broker-dealers: Get your due-diligence conduct and relationships in order before it is too late," Kelly advises.

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