Levi & Korsinsky, LLP announces the filing of a class action lawsuit in the United States District Court for the Southern District of New York on behalf of shareholders of FXCM Inc. (NYSE: FXCM) who purchased shares between June 11, 2013 and January 20, 2015.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: (a) FXCM’s agency model of FX trading did not insulate it from financial risk from its heavily leveraged clients; (b) FXCM did not disclose the true potential risk posted by market volatility; and (c) FXCM did not maintain sufficient regularly capital reserves for unforeseen scenarios. On January 16, 2015, FXCM announced that Leucadia National Corp. would provide a loan of $300 million in cash to allow FXCM to meet its regulatory-capital requirements and avoid possible bankruptcy. If you suffered a loss in FXCM you have until July 9, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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