View full page at forexfactory.com

 

FXCM slapped with a class action suit over claims of fraud and racketeering

From forexmagnates.com

’m trying to confirm whether this is true but based on some Google searches I assume it is. The Business Trial Group of Morgan & Morgan, P.A. filed a class action lawsuit today against Forex Capital Markets, LLC (FXCM) (NYSE:FXCM) alleging fraud and racketeering by the nation’s largest Forex dealer. The lawsuit, filed in the United States District Court for the Southern District of New York (Manhattan Division), alleges that FXCM has bilked thousands of customers out of hundreds of millions of dollars using deceptive and unfair trade practices, including falsely portraying its Forex trading platform as a fair, ... (full story)

Story Stats