Fidelity, Schwab to halt AR Capital sales
Firms pull the plug after Massachusetts charges RCS Capital with fraudulently rounding up proxy votes to support real estate deals sponsored by AR Capital.
A major clearing firm, Fidelity Clearing & Custody, and a leading custodian for registered investment advisers, Charles Schwab & Co. Inc., have halted or will halt by the end of the week sales of AR Capital products.
Nicholas Schorsch's AR Capital's nontraded real estate investment trusts and other
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