BOSTON, Feb. 7, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether FXCM, Inc. ("FXCM" or the "Company") (NASDAQ GM: FXCM) and certain of its officers and directors violated federal securities laws following the news Commodities Futures Trading Commission ("CFTC") banned the Company from trading on U.S. markets.
On February 6, 2017, the CFTC issued an order against FXCM requiring the Company to withdraw from CFTC regulation and pay a $7 million fine. The order outlined that from 2009 through at least 2014, FXCM and its founding partners "engaged in false and misleading solicitations to its retail foreign exchange customers" by concealing its relationship with its most important market maker.
On this news, shares have fallen more than 50%, causing tens of millions in losses to investors.
If you purchased or otherwise acquired FXCM securities and have questions about your legal rights or possess information relevant to this investigation, please contact attorney Bradley Vettraino at (617) 398-5600, by email at email@example.com, or by visiting www.blockesq.com/fxcm.
Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.
Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.
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Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
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SOURCE Block & Leviton LLP