Tag Archives: SEC

Compass COO Greg Hart to leave company at year end

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Hart joined Compass in 2020. After his departure, the fast-growing brokerage will eliminate the role of chief operating officer. Continue reading →

‘Cash Flow King’ took millions in Ponzi scheme, according to SEC

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“Nearly everything about his scheme was a lie,’” the SEC says in new charges against the investor, who raised money to buy homes in northern Ohio. Continue reading →

Anywhere lays off more workers, announces end of RealSure iBuyer

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The company has slashed its workforce by 11 percent since last June, according to U.S. Securities and Exchange Commission filings. The moves come following months of housing market declines. Continue reading →

NYSE threatens to boot Offerpad over plummeting share price

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Offerpad’s stock slipped below $1 per share in late October, positioning the iBuyer to be delisted from the New York Stock Exchange, which would make it more difficult to buy and sell shares while scaring off investors. Continue reading →

Douglas Elliman to go public in spinoff from Vector Group

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If approved by the FTC and Vector Group’s board, Douglas Elliman’s shares would trade under the ticker “DOUG” on the New York Stock Exchange. Continue reading →

Citing pandemic, Redfin sells $110M stake to venture capital firm

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Durable Capital Partners is run by former T Rowe Price investment manager Henry Ellenbogen. “In chaotic times, he understands our long-term commitments,” Redfin CEO Glenn Kelman said. Continue reading →

Fathom Realty’s IPO filing reveals increased revenue, widening losses

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The flat-fee, virtual brokerage posted a net loss of more than $2.6 million in the first nine months of 2019. Continue reading →