Mr. Jack helped build the insurer's variable annuities business and independent broker-dealer network.
Two companies in Nicholas Schorsch's REIT empire have settled their dispute as RCS Capital Corp. agrees to pay American Realty Capital Properties to back out of its deal to buy Cole Capital.
IBD organization expresses suitability concerns with regulator's proposed data-collection system and predicts cost of $250,000 to $1 million — with ongoing maintenance above that.
One of the firm's six original principals, he will remain as a corporate director.
In the wake of accounting problems at American Realty Capital Properties Inc., the rest of Nicholas Schorsch's empire has drawn scrutiny for its complexity.
The clearing and custody giants have followed B-Ds by suspending sales of nontraded REITs controlled by Nicholas Schorsch, presenting another potential blow to the real estate czar's business.
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Billionaire's family office is boosting its holding in RCS Capital Corp. to 5%, according to regulatory filings.
RCAP may remake itself to boost value with stock down 39% since late October
'Home-grown' advisers will open office to serve new millionaires with little investing experience.
Both companies controlled by the REIT czar but broker-dealer not involved in accounting trouble at American Realty Capital Properties.
B-Ds halting sales of Schorsch's REITs include some of the largest and most influential in the industry
As processing error delays commissions by a day, president Robert Moore moves to reassure advisers.
Companies must heed the gentle warnings being given to them by Finra and the SEC on complex investments.
The firm is teaming up with Fidelity to transition around 100 firms.
Says company has started the healing process; expects full recovery may “take some time.”
RCAP sales slow down in wake of ARCP accounting error, although the firm is optimistic activity will return as B-Ds resume selling its nontraded real estate investment trusts.
Cambridge joins list of independent broker-dealers suspending sales of Cole REITs; firm says it is waiting for 'more clarity' before deciding next step.
Former executive at LPL Financial will head up firm's nontraded REIT wholesaling and distribution unit.
Through ads, many of which he starred in, the salesman shared his belief that tax-free bonds were a sound investment.
