NEW YORK, Feb. 7, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of FXCM Inc. ("FXCM" or the "Company") (NASDAQ: FXCM). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether FXCM and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On February 6, 2017, the Commodities Futures Trading Commission ("CFTC") banned FXCM from operating in the U.S. after the CFTC found that FXCM had engaged in false and misleading solicitations of the Company's retail foreign exchange customers by concealing 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.
On this news, FXCM's share price has fallen as much as $3.60, or 52.55%, to a low of $3.25 during intraday trading on February 7, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP