RCS Gets Regulatory Queries After ARCP Accounting Errors

RCS Capital Corp. said it was contacted by the Financial Industry Regulatory Authority and the Securities and Exchange Commission after accounting errors were disclosed at American Realty Capital Properties Inc.

RCS, which operates broker-dealers, said it engages in talks with regulators and state securities administrators as part of its regular operations. The company “and its subsidiaries have continued to respond to on-going verbal inquiries, requests for correspondence, information and discussions with the SEC, Finra and such state regulatory agencies, including with respect to the ARCP disclosure,” RCS said in a quarterly report filed with regulators today.