Brokerage Firm RCS Capital Enters Bankruptcy

New York-based brokerage firm RCS Capital Corp. filed for bankruptcy with nearly $2 billion in debt. The Wall Street Journal has the Daily Bankruptcy Review article here.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

SFX Entertainment , a concert producer that puts on festivals like New York’s Electric Zoo, filed for bankruptcy with a deal that cuts $300 million in debt, DBR reports via WSJ.

DealBook reports on Puerto Rico’s plan to delay some debt payments to free up cash, which it spoke of in a meeting with creditors Friday.

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The Environmental Protection Agency was ordered to make rules aimed at preventing mining companies from filing for bankruptcy to avoid pollution cleanup, the Associated Press reports.

The AP also reports on the sentencing set for former Freedom Industries executives in the company’s massive chemical spill.

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A WSJ opinion piece looks at who is saying Puerto Rico needs bankruptcy.

American Airlines ’ profit is soaring, WSJ reports.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa