NEW YORK, Jan. 21, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating claims on behalf of investors of FXCM Inc. (NYSE: FXCM). The investigation focuses on certain statements issued by FXCM regarding its' capital liquidity and low risk of customer negative equity.
On January 16, 2015, FXCM announced that Swiss Franc volatility drove negative client equity of $225 million, and, as a result, FXCM may have been in breach of regulatory requirements. In addition, FXCM systems may have crashed, which also may have led to its inability to close out deteriorating Swiss Franc trades. On this news, shares of FXCM plunged nearly 90% to $1.60 per share on January 20, 2015.
If you purchased shares of FXCM, and have suffered a loss of over $1 million from your investment in FXCM common stock and would like to learn more about this investigation, please contact us either by email at [email protected] or by telephone at (800) 511-7037 or visit our website at www.tripplevy.com. Please make sure you identify how many shares you own and/or your losses on your investment in FXCM.
Tripp Levy PLLC is a leading national securities and shareholder rights law firm representing both individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders. Tripp Levy PLLC is affiliated with Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."
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SOURCE Tripp Levy PLLC