BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of FXCM Inc. (“FXCM” or the “Company”) (NASDAQ: FXCM) investors concerning the Company and its officers’ possible violations of federal securities laws.
FXCM, through its subsidiaries, provides online foreign exchange (FX) trading and related services to retail and institutional customers worldwide.
On February 6, 2017, the Commodities Futures Trading Commission ("CFTC") found that FXCM was engaged in false and misleading solicitations of its retail foreign exchange customers. According to the CFTC, FXCM covered up both its relationship with the Company’s most crucial market maker, and that the fact that the Company's "No Dealing Desk" platform had conflicts of interest with FXCM's customers.
On this news, FXCM's share price has fallen sharply, over 52% during intraday trading on February 7, 2017.
If you purchased FXCM securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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