Brokers are back, claims Schorsch's RCS

"Certain broker dealers" -- the firm won't say which -- "have resumed sales of products distributed by Realty Capital Securities LLC," an affiliate of RCS Capital Corp., says the brokerage's CEO, Bill Dwyer, in this statement.

Investment News reported earlier this month that affiliates of AIG, LPL, Securities America Inc. and National Planning Holding Inc. were declining to handle some securities backed by RCS or other companies founded or controlled by Nicholas Schorsch, the Jenkintown scrap-recycling heir turned New York-based real estate mogul, after another company he chairs, American Realty Capital Partners Inc., announced it would have to restate earnings after two financial executives left the company for reporting inaccurate financial information. Dwyer said he expected the suspensions would prove "temporary."

Shares of RCS rose 35 cents in morning trading, to $11.25, but remain near their historic low. The investment finance company stock peaked at $39.50 in April.

Also, RCS said CEO Dwyer has purchased 42,000 shares and other officers bought an additional 47,000 shares last week in a vote of confidence for the company's stock market recovery.