Period: Mar 15, 2012 to Feb 6, 2017
Lead Plaintiff Deadline: Apr 7, 2017
Summary of Case:
A securities class action has been filed against FXCM Inc. (NASDAQ:FXCM) on behalf of purchasers of publicly traded FXCM securities between March 15, 2012 through February 6, 2017. This case has been filed in the USDC - NY Southern.
According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) between September 4, 2009 through at least 2014, FXCM's U.S. subsidiary engaged in false and misleading solicitations of its retail foreign exchange customers by concealing its relationship with its most important market maker and by misrepresenting that its "No Dealing Desk" platform had no conflicts of interest with its customers; (2) FXCM's U.S. subsidiary made false statements to the National Futures Association about its relationship with the market maker; and (3) as a result, Defendants' statements about FXCM's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.