▁its ▁previously ▁announced ▁Independent ▁Bro ker - De aler ▁ac quis itions , ▁closing ▁on ▁J . P . ▁ ▁Turner ▁& ▁Company . ▁ ▁As ▁reported ▁by ▁Y ahoo ▁Fin ance , ▁the ▁R CS ▁Capital ▁share ▁price ▁rose ▁to ▁over ▁$ 3 0 . ▁per ▁share ▁in ▁ 2 0 1 4 ▁prior ▁to ▁reports ▁of ▁massive ▁ins ider ▁s elling ▁of ▁RC AP . ▁Later , ▁a ▁trade ▁journal , ▁" In vest ment ▁News ", ▁in ▁ 2 0 1 5 ▁dis closed ▁a ▁report ▁of ▁the ▁direct ors ▁of ▁various ▁non ▁trad ed ▁RE IT ' s ▁affili ated ▁with ▁the ▁firm ▁had ▁been ▁c ash ing ▁out ▁of ▁their ▁ins ider ▁shares ▁using ▁the ▁ 5 % ▁re dem ption ▁privile ge ▁built ▁into ▁the ▁terms ▁of ▁the ▁offer ings . ▁By ▁late ▁ 2 0 1 5 ▁RC AP ▁shares ▁were ▁trad ing ▁for ▁p enn ies . ▁ ▁On ▁December ▁ 3 0 , ▁ 2 0 1 4 , ▁R CS ▁Capital ▁announced ▁that ▁Nicholas ▁S . ▁Sch or sch ▁not ified ▁the ▁R CS ▁Capital ▁Board ▁of ▁his ▁decision ▁to ▁step ▁down ▁from ▁his ▁position ▁as ▁Director ▁and ▁Executive ▁Chair man ▁of ▁the ▁Board . ▁According ▁to ▁a ▁press ▁release ▁issued ▁by ▁AR ▁Capital , ▁Sch or sch ▁has ▁made ▁this ▁decision ▁in ▁order ▁to ▁focus ▁his ▁attention ▁on ▁strateg ic ▁initi atives ▁and ▁potential ▁liquid ity ▁events ▁of ▁closed ▁programs ▁spons ored ▁by ▁AR ▁Capital , ▁and ▁new ▁strateg ies ▁for ▁the