A Houston man already facing federal charges in Virginia for his role in an alleged life insurance scam has been indicted by a federal grand jury in Texas.

The U.S. Attorney's Office in Dallas said Wednesday that Adley Husni Abdulwahab was indicted on five counts of securities fraud and one count of conspiracy in connection with an alleged $17 million investment scam.

Two co-defendants in the case have pleaded guilty to a single count of securities fraud and face up to five years in prison.

Abdulwahab remains in custody in the Eastern District of Virginia for his alleged role in an alleged $100 million life insurance scam and couldn't be reached for comment. Federal court records do not list an attorney for Abdulwahab in the Texas matter.

An initial public offering of Gain Capital Holdings Inc. stock raised a total of $81 million in gross proceeds at a price that came in lower than the company expected.

The Bedminster, N.J., company, which is an online foreign exchange trading platform for retail customers, said Wednesday it priced an IPO of 9 million shares at $9 per share. The stock will start trading Wednesday under the ticker symbol "GCAP."

Gain Capital offered 407,692 shares and selling stockholders offered about 8.6 million. The company said it won't receive proceeds from the sale of shares by selling stockholders. Underwriters also have an option to buy more than 1.3 million additional shares to cover excess demand.

The company had said it expected to sell about 11 million shares at a price between $13 and $15. It plans to use the net proceeds to pay the expenses related to the IPO.

Gain Capital was founded in 1999 by a group of trading and technology professionals. It offers global over-the-counter foreign exchange trading where participants trade with one another rather than through a central exchange or clearinghouse. It offers access to global gold and silver markets, stock indices, and commodities.

Commercial real estate financier Walker & Dunlop Inc. said it has priced its initial public offering at $10 per share, well below the company's expected range.

The offering includes about 10 million shares, including 6.7 million being sold by Walker & Dunlop and another 3.3 million sold by initial shareholders. The company, which is based in Bethesda, Md., had expected to sell its initial shares between $14 and $16 apiece.

Walker & Dunlop has said in previous regulatory filings that it expects to net $89.5 million in proceeds from the offering. It won't receive proceeds from the sale of shares by shareholders. The company plans to use the proceeds to execute its growth strategy, fund working capital needs and for general corporate purposes.

The company has also said that it does not anticipate paying any cash dividends in the foreseeable future.

Walker & Dunlop was founded in 1937 and has grown into one of the biggest originators and sellers of commercial real estate loans, particularly in the apartment buildings segment.

In addition to originating loans for sale to investors or government mortgage finance companies, Walker & Dunlop also services apartment building mortgages and other commercial real estate financing products.

Last year, the company originated more than $2.2 billion in commercial real estate loans, the majority through programs by government-sponsored entities such as Fannie Mae or the Department of Housing and Urban Development.

Real estate investment trust Lexington Realty Trust said Wednesday it is publicly offering $77 million in common stock.

The company is offering 10 million shares at $7.70 apiece, marking a 4.3 percent discount to the stock's closing price of $8.05 on Tuesday.

The company also granted the underwriter a 30-day option to buy up to an additional 1.5 million shares. Barclays Capital is the sole book running manager.

The offering is expected to close on Dec. 20. The company has about 134.7 million shares of common stock outstanding.

Lexington Realty said it would use proceeds to repay debt and for general corporate purposes.

Shares of Lexington Realty rose 6 cents to $8.11 in morning trading on Wednesday.

A Florida court has upheld a $28.3 million verdict against R.J. Reynolds Tobacco Co. in a lawsuit filed by the family of a deceased smoker.

The 1st District Court of Appeal's ruling Tuesday marked the first decision on an appeal in thousands of smoker lawsuits being tried across the state. The court sided with the family of Pensacola smoker Benny Martin, who died of lung cancer in 1995.

The appeals judges disagreed with the tobacco company's claims that damages were excessive.

About 8,000 similar lawsuits are being tried individually after the state Supreme Court in 2006 threw out a $145 billion class-action damage award for smokers. That decision also concluded that cigarette makers knowingly sold dangerous and defective products.