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July 16, 2013

Former CFO of a Thompson National Properties REIT has been Suspended

Investment News reported that, Wendy Worcester, the former CFO of a Thompson National Properties REIT has been suspended for lack of adequate and independent due diligence when conducting real estate deals promoted by a Thompson controlled broker- dealer named TNP Securities LLC. Ms. Worcester was not only suspended but also ordered to pay $15,000 in fines by FINRA. FINRA alleged that Ms. Worcester did not sufficiently fulfill her duty of due diligence with regard to three separate offerings.

To read more, visit Investment News