LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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