RCAP, Pershing locked in negotiations over clearing agreement
RCS Capital has plenty of leverage as it negotiates with the clearing giant, but millions of dollars hang in the balance. More: The latest clearing and custody trends
Clearing giant Pershing and RCS Capital Corp., with a brand-new network of 9,000 registered representatives and advisers, are locked in negotiations with millions of dollars on the line.
RCS Capital's network of broker-dealers, which it built up over the past year through a series of acquisitio
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