San Diego, CA -- (SBWire) -- 04/05/2017 --A deadline is coming up on : April 10, 2017 in the lawsuit filed for investors of Global Brokerage Inc, formerly FXCM Inc (NASDAQ:GLBR, formerly NASDAQ:FXCM) over alleged securities laws violations by Global Brokerage Inc, formerly FXCM Inc.
Investors who purchased shares of Global Brokerage Inc, formerly FXCM Inc (NASDAQ:GLBR, formerly NASDAQ:FXCM) have certain options and there are strict and short deadlines running. Deadline: : April 10, 2017. NASDAQ:GLBR, formerly NASDAQ:FXCM stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges on behalf of certain purchasers of Global Brokerage Inc, formerly FXCM Inc (NASDAQ:GLBR, formerly NASDAQ:FXCM) that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 15, 2012 and February 6, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that between September 4, 2009 through at least 2014, FXCM's U.S. subsidiary engaged in false and misleading solicitations of its retail foreign exchange customers by concealing its relationship with its most important market maker and by misrepresenting that its "No Dealing Desk" platform had no conflicts of interest with its customers, that FXCM's U.S. subsidiary made false statements to the National Futures Association about its relationship with the market maker, and that as a result, Defendants' statements about FXCM's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On February 6, 2017, the Commodities Futures Trading Commission ("CFTC") found that FXCM Inc was engaged in false and misleading solicitations of its retail foreign exchange customers. According to the CFTC, FXCM Inc 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 April 4, 2017, NASDAQ:GLBR, formerly NASDAQ:FXCM shares closed at $2.25 per share.
Those who purchased shares of FXCM Inc (NASDAQ:GLBR, formerly NASDAQ:FXCM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Deadline in Lawsuit for Investors in Global Brokerage Inc, Formerly FXCM Inc (NASDAQ:GLBR, Formerly NASDAQ:FXCM) Upcoming
A Deadline is coming up on April 10, 2017 in the lawsuit for investors in Global Brokerage Inc, formerly FXCM Inc (NASDAQ:GLBR, formerly NASDAQ:FXCM and NASDAQ:GLBR, formerly NASDAQ:FXCM stockholders should contact the Shareholders Foundation.