DENVER -- With investors aghast at the turmoil within his financial empire, RCS Capital Executive Chairman Nicholas Schorsch insisted that he and fellow executives immediately addressed the firestorm, but maintained they didnt overreact.
Nonetheless, Schorsch speaking to a room full of advisors at the Schwab Impact conference who had come to hear him speak about nontraded REITs and other alternative investments tried to downplay the fallout on Wall Street, where shares of RCS have plunged more than 70% from their 52-week high. Our stock has been beat up a little bit lately, he acknowledged.
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