An investigation for investors in KCG Holdings, Inc. (NYSE:KCG) shares over potential securities laws violations by KCG Holdings was announced and NYSE:KCG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/18/2016 -- KCG Holdings, Inc is under investigation over potential securities laws violations. The investigation was announced on behalf of investors in NYSE:KCG shares in connection certain financial statements made by Jersey City, NJ based KCG Holdings, Inc.
Investors who purchased shares of KCG Holdings, Inc. (NYSE:KCG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by KCG Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 29, 2016, KCG Holdings, Inc. announced its fourth quarter and fully year 2015 financial results. KCG Holdings, Inc. reported that its annual Total Revenue rose from over $1.31 billion in 2014 to over $1.59 billion in 2015 and that its Net Income increased from $62.43 million in 2014 to $247.48 million in 2015.
Shares of KCG Holdings, Inc. (NYSE:KCG) grew from $10.22 per share on January 29, 2016 to as high as $14.20 per share on April 27, 2016.
On May 10, 2016, news outlets reported that federal and state authorities are investigating KCG Holdings' market-making operations from 2009 to 2011. According to one article the U.S. Justice Department has subpoenaed information from KCG Holdings related to the Company's execution of stock transactions on behalf of its retail clients, including alleged sales of the flow of trading orders placed by investors. KCG Holdings also reported to be investigated in a separate probe by the New York State Attorney General.
Shares of KCG Holdings, Inc. (NYSE:KCG) closed on May 16, 2016, at $12.96 per share.
Those who purchased shares of KCG Holdings, Inc. 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