Schorsch Denies ARCP Book-Cooking Allegations
The charges were raised by the firm’s former chief accounting officer in a lawsuit.
Some RCAP Sales Agreements Reinstated; Schwab, Fidelity Ease Ban
RCAP says that 70-plus selling agreements “have been reinstated to date.”
Schorsch Firms Settle Differences on Scuttled Cole Deal
RCS Capital settled with ARCP in a deal worth $60 million after backing out of a $700 million deal in October, the firms said.
RCAP Says Some Selling Deals Have Resumed as Execs Buy Company Stock
The nontraded REIT distributor stays mum on which broker-dealers have changed their sales policies on ARCP products.
Schorsch’s RCS Seeks Distance From ARCP as Empire Fractures
Nicholas Schorsch's real estate group depends on RCS' money-raising ability, one observer says.
Cohen’s Point72 Takes RCS Stake as Regulators Circle
Former SAC chief Steven A. Cohen disclosed a 5.1% stake in Schorsch’s firm, which said recently it was talking to SEC and FINRA.
SEC, FINRA Come Knocking at RCS After ARCP Accounting Errors
Nicholas Schorsch's RCS says it talks to the regulators as a part of its regular operations and will continue to do so.
RCS Capital Says Some Brokers Lifting Product Suspensions
The news comes as the company considers spinning off Cetera Financial.
Schorsch’s Own Cetera Halts Cole REIT Sales
ARCP accounting scandal "has tarnished the entire Schorsch brand," consultant Mark Elzweig says, and Cetera parent RCAP is trying to limit the damage.
LPL, Advisor Group Stop Sales of American Realty Capital REITs
LPL, the biggest independent broker-dealer, has suspended sales of products tied to the Schorsch real estate empire.