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Stock Market & Financial Investment News

News Breaks
July 8, 2014
16:35 EDTICH, RCAPInvestors Capital Holdings stockholders approve merger with RCAP
Investors Capital Holdings (ICH) announced that, at a special meeting held today, ICH stockholders adopted the Agreement and Plan of Merger, dated as of October 27, 2013, as amended as of February 28, by and among RCS Capital (RCAP), a Delaware corporation, Zoe Acquisition, a Delaware limited liability company and a wholly-owned subsidiary of RCAP, and ICH, and approved the transactions contemplated by the Merger Agreement, including the merger of ICH with and into Merger Sub, with Merger Sub surviving the merger and continuing as a subsidiary of RCAP under the name "Investors Capital Holdings. Stockholders approved, on a non-binding advisory basis, the compensation that may be paid or become payable to ICH's named executive officers in connection with the Merger.
News For ICH;RCAP From The Last 14 Days
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April 15, 2015
08:03 EDTRCAPCiti sees DOL rules as 'exceptionally bullish' for RCS Capital
The Department of Labor yesterday released the proposed rules on fiduciary standards in an attempt to reduce conflicts of interest between brokers/advisors and clients, Citigroup points out. Citi views the rules as a "manageable outcome" that is less onerous than the scenario built into select Broker Dealer stocks. The firm believes the development is "exceptionally bullish" for RCS Capital (RCAP) and favorable for LPL Financial (LPLA) and Ameriprise (AMP).
April 13, 2015
07:52 EDTRCAPPotential rule change on accounts to likely be manageable, says JMP Securities
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