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Get to know RCS Capital, Inc

RCS Capital, Inc. (formerly NYSE: RCAP) was established as a holding company to build a large-scale network of retail financial advice firms. Through a series of aggressive acquisitions, it became one of the largest independent broker-dealer networks in the United States, with its flagship subsidiary being Cetera Financial Group. The company's business model focused on providing investment banking, capital markets, and wholesale distribution services, alongside a vast retail wealth management platform through its acquired firms. However, following an accounting scandal at a related company, RCS Capital faced significant financial distress, a collapse in its stock price, and ultimately filed for Chapter 11 bankruptcy in January 2016. The company was delisted and its assets were restructured, with Cetera Financial Group emerging as the successor private entity, effectively ending the existence of RCS Capital, Inc.

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Financial Wealth ManagementPRIMARY
Financial Other Service

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RCS Capital, Inc

United States

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.