New Federal Securities Cases
A class action lawsuit has been filed in the United States District Court for the Southern District of New York against FXCM Inc. ("FXCM" or the "Company") (NASDAQ: FXCM) on behalf of investors that acquired FXCM securities during the period from March 5, 2012 through February 6, 2017 (the "Class Period") seeking recovery of damages for alleged violations of the federal securities laws. Pursuant to applicable law, investors have until April 10, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
FXCM provides online foreign exchange (FX) trading and related services.
The lawsuit alleges that on February 6, 2017, the U.S. Commodity Futures Trading Commission announced that it banned the Company from operating in the U.S. after finding that FXCM was taking positions opposite its retail customers, conduct that contravened representations that Defendants made throughout the Class Period concerning FXCM's business.
In response, shares of the Company fell from $6.85 per share to close at $3.45 per share on February 7, 2017 (a decline of $3.40).
If you acquired FXCM securities during the Class Period and are interested in learning more about this matter and any rights you might have with respect to these claims, please contact Wendy Li at email@example.com, by telephone at (212) 371-6600, or by clicking on the contact form link below. Please bear in mind that some of these rights may be time-sensitive.
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