On February 6, 2017, the Commodities Futures Trading Commission ("CFTC") found that FXCM was engaged in false and misleading solicitations of its retail foreign exchange customers by hiding its relationship with FXCM's most important market maker and the fact that the Company's "No Dealing Desk" platform had conflicts of interest with FXCM's customers. Due to the above, CFTC barred FXCM from operating in the United States. Following this news, FXCM stock has dropped as much as $3.60, or 52.55%, to a low of $3.25 during intraday trading on February 7, 2017.
If you are aware of any facts relating to this investigation, or purchased FXCM shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/fxcm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-fxcm-inc-fxcm-300403442.html
SOURCE Bronstein, Gewirtz & Grossman, LLC