Investment firms Fortress Investment Group, Eaton Vance Management and Carlyle Investment Management are permitting RCS Capital to forgo debt payments, as the brokerage prepares to file for Chapter 11 bankruptcy and focus its attention on restructuring its retail broker-dealer network, Cetera Financial Group, according to an SEC filing on Wednesday.
RCS also said it will give details of a retention program for its advisors no later than Jan. 8.
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