SEC Probes Inland American REIT Over Fees, Payouts

Law360, New York (May 11, 2012, 5:16 PM EDT) -- The U.S. Securities and Exchange Commission is investigating whether the $11 billion Inland American Real Estate Trust violated laws regarding management fees, investor payouts and transactions, according to a Thursday filing, as regulators seek to tighten their grip on nontraded REITs.

Inland announced the probe in a regulatory filing made available Thursday, saying the SEC was interested in whether any violations had been made in connection with the company's discussions about becoming a self-administered REIT.

"Inland American has been fully cooperating with the SEC and has...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.