RCS Capital (RCAP) Will Shutter Wholesale Distribution Business, Sell Mass. Securities Division

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RCS Capital Corporation Provides Business Update

December 2, 2015 9:00 AM EST

NEW YORK, Dec. 2, 2015 /PRNewswire/ -- RCS Capital Corporation ("RCS Capital" or the "Company") (NYSE: RCAP) today announced a series of actions designed to further accelerate its strategic repositioning to focus on the independent retail advice business, Cetera Financial Group ("CFG"), rationalize its capital structure, increase financial flexibility and position the Company for long-term growth.

Realty Capital Securities to Wind Down Wholesale Distribution Business

As part of its previously stated plan to transition RCS Capital to a... More