NEW YORK--(BUSINESS WIRE)--Kirby McInerney LLP is investigating potential claims against the Board of Directors of FXCM Inc. (“FXCM” or the “Company”) (NYSE:FXCM) concerning a potential breach of some regulatory capital requirements.
FXCM is an online provider of forex trading and related services. On January 15, 2015, the Company announced that due to volatility in the Swiss franc after the Swiss National Bank’s decision to abandon the franc’s cap against the euro, its clients experienced “significant losses” generating negative client equity of $225 million.
On news of the potential breach, FXCM shares fell more than 89%, from a closing price of 14.87 on January, 14, 2015, to $1.60 per share on January 20, 2015.
If you are a FXCM stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, or telephone at (212) 699-1145, Melissa Fortunato, Esq. by email at email@example.com, or telephone at (212) 699-1141, or toll free at (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.