RCAP Securities Inc is a New York-based wholesale broker-dealer and investment banking and advisory business. During the period from February 12, 2014, to December 18, 2014, the company allegedly suffered damages due to an alleged accounting fraud at American Realty Capital Properties, Inc. The company's core business involves providing services to AR Capital, LLC, a real estate management company, including the wholesale distribution of investment products.
The alleged accounting manipulations at ARCP, which shared directors with RCAP, undermined the credibility and reputation of RCAP, rendering its statements regarding the strength of its wholesale distribution and investment banking business false and misleading. The company has been involved in a class action settlement, and eligible claimants may be entitled to a payment from the settlement.
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