June 10, 2013 Today, the Financial Industry Regulatory Authority (FINRA) announced that it has suspended Wendy Worcester, a former Co-Chief Financial Officer of  TNP Securities, for five months  from the securities industry for failing to conduct adequate and independent due diligence into several of Anthony “Tony” Thompson’s real estate deals. TNP Securities, a securities broker-dealer controlled… Read more »

June 3, 2013 Securities lawyers Jason Kane and Joe Peiffer have been retained by investors in a number of Thompson National Properties – sponsored real estate investment programs.   They are preparing to take action and seek compensation on behalf of their clients from companies and/or individuals that engaged in improper sales practices and misrepresentations,… Read more »

May 28, 2013 In a report filed with securities regulators last week, TNP Strategic Retail Trust (“TNP SRT”), a Thompson National Properties-sponsored REIT, announced that it would terminate its Chief Financial Officer, Dee R. Balch, no later than August 15, 2013, after less than a year on the job. TNP SRT stated that the CFO’s… Read more »

May 22, 2013 In its most recent quarterly Report with the Securities and Exchange Commission, TNP Strategic Retail Trust disclosed ongoing cash problems that are expected, according to the Company, to result in reduced investment activities for the foreseeable future, unless it is able to orchestrate another offering of securities or to identify some other significant… Read more »

May 14, 2013 Thompson National Properties-sponsored TNP Strategic Retail Trust (“TNP SRT”) has filed a Notice today with the Securities and Exchange Commission, stating that it is unable to timely file form 10-Q. The federal securities laws require companies such as TNP SRT to disclose information to their shareholders on an ongoing basis.  Form 10-Q… Read more »

April 30, 2013 In a report recently filed with the Securities and Exchange Commission, TNP Strategic Retail Trust disclosed that it has raised “substantially less than 50%” of the maximum amount it sought to raise in its initial public offering.  It also disclosed several events of default in connection with its own financial obligations and… Read more »

April 24, 2013 Last week, TNP Strategic Retail Trust’s Board fired the Company’s auditor, due to its apparent failure to report two important events to the Securities and Exchange Commission. In a filing with the SEC, TNP SRT’s Board disclosed that, during the quarter ended June 2012, TNP SRT’s auditor identified “significant deficiencies” in the… Read more »

Tony Thompson’s letter to the TNP Strategic Retail Trust shareholders, which the TNP SRT’s independent Board mebmers subsequently said was inaccurate, may be accessed here: Tony Thompson letter to TNP Strategic Retail Trust shareholders – part 1. Tony Thompson letter to TNP Strategic Retail Trust shareholders – part 2. Shortly after Tony Thompson‘s letter was… Read more »

TNP Strategic Retail Trust’s board (“TNP SRT”) has accused Tony Thompson, TNP’s founder and TNP SRT’s co-Chief Executive Officer, of issuing an inaccurate, unapproved letter to shareholders, in a disclosure filed with the Securities and Exchange Commission on April 8, 2013. In the same disclosure, TNP SRT’s board accused its advisory firm, TNP Strategic Retail… Read more »