The U.S. Securities and Exchange Commission officially filed charges Tuesday against two prominent Grapevine-based real estate investment trusts and five of its senior executives in connection with misleading investors about the source of revenues involving two of its key funds.
Lawyers for the SEC’s Fort Worth Regional Office filed a 22-page complaint in federal court in Dallas on Tuesday accusing United Development Funding, which manages a series of privately held and publicly-traded REIT…
