{"id":6372,"date":"2018-08-27T02:59:15","date_gmt":"2018-08-27T02:59:15","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6372"},"modified":"2018-08-27T02:59:15","modified_gmt":"2018-08-27T02:59:15","slug":"genstar-to-acquire-cetera-financial-adviser-admits-to-fraud-blackrock-funds-shareholders-sue-over-excessive-fees","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/genstar-to-acquire-cetera-financial-adviser-admits-to-fraud-blackrock-funds-shareholders-sue-over-excessive-fees\/","title":{"rendered":"Securities News: Genstar to Acquire Cetera With $1B in Junk Bond Sales, Financial Adviser Admits to Fraud Involving $2M Trading Loss, and BlackRock Funds Shareholders Sue Over Excessive Fees"},"content":{"rendered":"<br \/>\n<h2><strong>$1M in Junk Bond Sales Helps Fund Cetera Acquisition by Genstar Capital<\/strong><\/h2>\n<p>According to <em>InvestmentNews<\/em>, private equity firm Genstar Capital will sell $1B of junk bonds to help pay for its acquisition of Cetera Financial Group, which will be bought for $1.7B. Genstar will use $700M of its own money in the purchase.<\/p>\n<p>Cetera Financial Group is comprised of six independent brokerage firms with approximately 8,000 brokers and advisers, including Cetera Advisors, Cetera Advisors Network, First Allied Securities, Cetera Financial Institutions, Summit Financial Services, and Cetera Financial Specialists. Cetera initially spun out of ING Groep (ING), a Dutch insurer, in 2010.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/genstar-to-acquire-cetera-financial-adviser-admits-to-fraud-blackrock-funds-shareholders-sue-over-excessive-fees\/\"  title=\"Continue Reading Securities News: Genstar to Acquire Cetera With $1B in Junk Bond Sales, Financial Adviser Admits to Fraud Involving $2M Trading Loss, and BlackRock Funds Shareholders Sue Over Excessive Fees\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>$1M in Junk Bond Sales Helps Fund Cetera Acquisition by Genstar Capital According to InvestmentNews, private equity firm Genstar Capital will sell $1B of junk bonds to help pay for its acquisition of Cetera Financial Group, which will be bought for $1.7B. Genstar will use $700M of its own money in the purchase. Cetera Financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6373,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4108,4109,3752,3781],"tags":[2706,3129,3130],"class_list":["post-6372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blackrock","category-cetera","category-financial-firms","category-investment-advisers","tag-blackrock","tag-genstar-capital","tag-vishal-savla"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities News: Genstar Capital, Vishal Savla, and BlackRock Funds | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"Securities News: Genstar to Acquire Cetera With $1B in Junk Bond Sales, Financial Adviser Admits to Fraud Involving $2M Trading Loss, and BlackRock Funds Shareholders Sue Over Excessive Fees\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/genstar-to-acquire-cetera-financial-adviser-admits-to-fraud-blackrock-funds-shareholders-sue-over-excessive-fees\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities News: Genstar Capital, Vishal Savla, and BlackRock Funds | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"Securities News: Genstar to Acquire Cetera With $1B in Junk Bond Sales, Financial Adviser Admits to Fraud Involving $2M Trading Loss, and BlackRock Funds Shareholders Sue Over Excessive Fees\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/08\/8.27.18.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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