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Shareholder Class Action Filed Against FXCM Inc.

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired FXCM Inc. (“FXCM”) (Nasdaq: FXCM) publicly traded securities  between March 15, 2012 and February 6, 2017, both dates inclusive (the “Class Period”).  FXCM Inc.

FXCM investors may receive additional information about the case by clicking the link "Join this Class Action" above. 


According to the complaint, FXCM provides online foreign exchange trading and related services to retail and institutional customers worldwide through its subsidiaries.

The Class Period commences on March 15, 2012, when the company filed an annual report on Form 10-K with the SEC announcing the company’s financial and operating results for the fiscal year ended December 31, 2011.

The complaint alleges that, on February 6, 2017, the U.S. Commodity Futures Trading Commission announced that it banned the company from operating in the U.S. after finding that FXCM was taking positions opposite its retail customers.

Following this news, shares of the company fell $3.40 per share or over 49% from its previously closing price to close at $3.45 per share on February 7, 2017.

The complaint alleges that, throughout the Class Period, the 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, the defendants’ statements about FXCM’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

If you are a member of the class described above, you may no later than April 10, 2017 move the Court to serve as lead plaintiff of the class, if you so choose.  

A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation.  In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and sale transaction(s) for FXCM Inc. (“FXCM”) (Nasdaq: FXCM) publicly traded securities  between March 15, 2012 and February 6, 2017, both dates inclusive (the “Class Period”):

Information Sheet
* Denotes required field
Acquisitions
Date Aquired
Number of Shares Acquired
Acquisition Price Per Share
Sales
Date Sold
Number of Shares Sold
Selling Price Per Share
Did you purchase shares of FXCM Inc. prior to the class period?
Are you a current or former employee of FXCM Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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