NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating FXCM Inc. (“FXCM” or the “Company”) (NYSE:FXCM) in connection with possible violations of federal securities laws by the Board of Directors of the Company.
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On January 15, 2015, FXCM announced that it may be in breach of regulatory capital requirements due to its clients experiencing significant losses that generated negative equity balances owed to FXCM of approximately $225 million. The losses were caused by unprecedented volatility in EUR/CHF pair after the Swiss National Bank announced that it will abandon the franc’s cap against the euro. On this news, shares of FXCM fell nearly 90% from its previous closing price to close at $1.60 per share on January 20, 2015.
If you own common stock in FXCM and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/fxcm-fxcm.
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