San Diego, CA -- (SBWIRE) -- 02/23/2015 -- A deadline is coming up on February 27, 2015 in the lawsuit filed for investors of RCS Capital Corp (NYSE:RCAP) over alleged Violations of Federal Securities Laws by RCS Capital Corp.

Investors who purchased shares of RCS Capital Corp (NYSE:RCAP) have certain options and there are strict and short deadlines running. Deadline: February 27, 2015. NYSE:RCAP stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of purchasers of RCS Capital Corp (NYSE:RCAP) common shares between February 12, 2014 and October 31, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that CS Capital Corp allegedly misled investors by failing to disclose that RCS Capital's acquisition of Cole Capital from American Reality Capital Properties ("ARCP") was at serious risk because an accounting fraud at ARCP of which RCS Capital's Chairman, Nicholas Schorsch, should have been aware, that RCS Capital's expected revenue stream from its relationship with ARCP might be disrupted as a result of the accounting fraud at ARCP, and that RCS Capital's statements about its anticipated profitability and its plan to acquire Cole Capital were false and misleading.

On October 1, 2014, RCS Capital Corp (NYSE:RCAP) announced that it has entered into a definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital Advisors, Inc. (together, "Cole Capital") from American Realty Capital Properties, Inc. (NASDAQ: ARCP) ("ARCP") for $700 million plus contingent consideration.

On October 29, 2014, ARCP disclosed that its financial statements were materially inaccurate and must be restated.

Then on November 3, 2014, RCS Capital Corp (NYSE:RCAP) announced that "it has terminated the previously disclosed definitive agreement to acquire Cole Capital Partners, LLC and Cole Capital Advisors, Inc. (together, "Cole Capital") from American Realty Capital Properties, Inc. Shares of RCS Capital Corp (NYSE:RCAP) declined to as low as $10.80 per share on November 4, 2014 and continued to decline to as low as $9.26 per share on December 2, 2014, respectively $9.75 per share on January 16, 2015.

On February 19, 2015, NYSE:RCAP shares closed at $10.24.21 per share.

Those who purchased shares of RCS Capital Corp (NYSE:RCAP) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com