An investigation for investors in FXCM Inc (NYSE:FXCM) shares over potential securities laws violations by FXCM Inc was announced and NYSE:FXCM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/26/2015 -- An investigation on behalf of investors of FXCM Inc (NYSE:FXCM) shares over potential securities laws violations by FXCM Inc and certain of its directors and officers in connection certain financial statements was launched.
Investors who purchased shares of FXCM Inc (NYSE:FXCM) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of FXCM Inc (NYSE:FXCM) concerning whether a series of statements by FXCM regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
FXCM Inc reported that its annual Total Revenue rose from $417.31 million in 2012 to $489.59 million in 2013 and that its Net Income increased from $8.96 million in 2012 to $14.83 million in 2013.
On Jan. 15, 2015, FXCM Inc (NYSE:FXCM) announced due to unprecedented volatility in EUR/CHF pair after the Swiss National Bank announcement in the morning of January 15, 2015, that clients experienced significant losses, generated negative equity balances owed to FXCM inc of approximately $225 million and that as a result of these debit balances, FXCM Inc may be in breach of some regulatory capital requirements.
On Janaury 16, 2015, Leucadia National Corporation (NYSE: LUK) and FXCM (NYSE: FXCM) announced that Leucadia would be providing $300 million in cash to FXCM and its subsidiaries (collectively "FXCM") that will permit FXCM to meet its regulatory-capital requirements and continue normal operations after January 15th's loss of $225 million due to the unprecedented actions of the Swiss National Bank.
On Jan. 19, 2015, (FXCM Inc (NYSE:FXCM) announced further details on the agreement reached with Leucadia National Corporation ("Leucadia") that permitted FXCM to meet its regulatory capital requirements and continue normal operations after significant losses were incurred due to unprecedented actions by the Swiss National Bank.
Shares of FXCM Inc (NYSE:FXCM) declined from $17.18 per share on January 8, 2015 to as low as $1.28 per share on January 20, 2015.
On January 22, 2015, NYSE:FXCM shares closed at $3.10 per share.
Those who purchased shares of FXCM Inc (NYSE:FXCM) have certain options and should contact the Shareholders Foundation.
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