November 10, 2014 (Shareholders Foundation) - An investigation on behalf of investors of RCS Capital Corp (NYSE:RCAP) shares over potential securities laws violations by RCS Capital and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of RCS Capital Corp (NYSE:RCAP) concerning whether a series of statements by RCS Capital regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

RCS Capital Corp reported that its annual Total Revenue rose from $114.13 million in 2010 to $886.50 million in 2013 and that its Net loss of $2.38 million in 2010 turned into a Net Income of $2.60 million in 2013.

Shares of RCS Capital Corp (NYSE:RCAP) grew from $16.83 per share in late 2013 to as high as $$38.59 per share in April 2014

On October 1, 2014 / RCS Capital Corp (NYSE:RCAP) announced that it has entered into a definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital Advisors, Inc. (together, 'Cole Capital') from American Realty Capital Properties, Inc. (NASDAQ: ARCP) ('ARCP') for $700 million plus contingent consideration.

Then on November 3, 2014, RCS Capital Corp (NYSE:RCAP) announced that 'it has terminated the previously disclosed definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital Advisors, Inc. (together, 'Cole Capital') from American Realty Capital Properties, Inc.


Shares of RCS Capital Corp (NYSE:RCAP) declined to as low as $10.80 per share on November 4, 2014.