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FXCM Inc investor lawsuit faces further delay
The lawsuit brought by investors in FXCM Inc, now known as Global Brokerage Inc, is set for further delay, as the plaintiffs need extra time to prepare their responses to the motion for summary judgment submitted by the defendants in September. Let’s recall that this action dates back to February 2017. This case stems from the events from February 2017, when FXCM reached settlements with the CFTC and NFA, in a move that led to its exit from the US retail FX market. The price of FXCM’s securities plummeted after the regulatory settlements were announced, thereby damaging investors in FXCM Inc. The second amended ... (full story)
