NEW YORK, Jan. 23, 2015 /PRNewswire/ -- Levi & Korsinsky, LLP is investigating FXCM Inc. ("FXCM" or the "Company") (NYSE: FXCM) in connection with possible violations of federal securities laws by the Board of Directors of the Company.
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On January 15, 2015, FXCM announced that it may be in breach of regulatory capital requirements due to its clients experiencing significant losses that generated negative equity balances owed to FXCM of approximately $225 million. The losses were caused by unprecedented volatility in EUR/CHF pair after the Swiss National Bank announced that it will abandon the franc's cap against the euro. On this news, shares of FXCM fell nearly 90% from its previous closing price to close at $1.60 per share on January 20, 2015.
If you own common stock in FXCM and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/fxcm-fxcm.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
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