Regulatory filings made with US securities authorities indicate that three original senior members of FXCM’s management team – Drew Niv, David Sakhai and Eduard Yusupov – have begun to convert their “units” into regular Class A common shares of Global Brokerage Inc (NASDAQ:GLBR). Longtime FXCM CEO Mr. Niv and several other members of senior management were issued non-publicly traded units of FXCM Inc (which later became Global Brokerage Inc) ahead of FXCM’s IPO in late 2010. The units allowed Mr. Niv to effect control of FXCM after the IPO. The units were convertible on a one-to-one basis into “regular” publicly ... (full story)