8/15/2013

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.

Related Summaries