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By Stephen Nellis / Saturday, April 19th, 2014 / Banking & Finance, Personal Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Lawsuit alleges Montecito man sold stocks despite FINRA ban
A Montecito man is facing allegations that he sold money-losing stock to clients and gave them flawed financial advice despite being banned from brokering securities by industry regulators. A lawsuit filed in Santa Barbara County Superior Court on April 3 alleges that Elias Argyropoulos and his Coast Village Road company, Prima Capital Group, assured investor Read More →
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By Staff Report / Monday, April 14th, 2014 / Banking & Finance, Top Stories / Comments Off on SBAM parent to sell to TIAA-CREF
New York-based TIAA-CREF is buying Nuveen Investments, the debt-saddled parent company of Santa Barbara Asset Management, for $6.3 billion.
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By Henry Dubroff / Friday, April 4th, 2014 / Banking & Finance, South Coast, Top Stories, Tri-County Economy / Comments Off on Select Staffing to shed debt, relinquish family control in Ch. 11
The reorganization will reduce the ownership stake held by the Sorensen family and ends a years-long search for a solution to the heavy debt load Select Staffing took on at the height of the credit bubble.
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By Staff Report / Tuesday, April 1st, 2014 / Banking & Finance, South Coast, Top Stories / 1 Comment
The Select Staffing Family of Companies, the Santa Barbara-based staffing services giant, filed a pre-packaged Chapter 11 bankruptcy on April 1 listing between $50 million and $100 million in debts and $100 million to $500 million in assets.
