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RCS Capital posts $34.17 million March loss from continuing operations
By Caroline Salls
Pittsburgh, May 4 – RCS Capital Corp. reported a $34.17 million net loss from continuing operations for March on $810,000 in total revenue, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.
The company had $90.2 million in cash and cash equivalents as of March 31.
RCS Capital is a New York-based investment firm focused on the individual retail investor. The company filed bankruptcy on Jan. 31 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 16-10223.
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