LOS ANGELES--(EON: Enhanced Online News)--Lundin Law PC, a shareholder rights firm announces a class action lawsuit against FXCM Inc. ("FXCM" or the "Company") (Nasdaq: FXCM). Investors, who purchased or otherwise acquired shares between March 15, 2012 and February 6, 2017 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the April 10, 2017 lead plaintiff motion deadline.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The Complaint alleges that during the Class Period, FXCM made false and/or misleading statements and/or failed to disclose that: during September 4, 2009 through 2014, FXCM’s U.S. subsidiary participated in false and misleading solicitations of its retail foreign exchange customers; that FXCM’s U.S. subsidiary made false statements to the National Futures Association about its relationship with its market maker; and that 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 this information was revealed to the public, the value of FXCM stock dropped, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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