Securities Law Firm Starts Investigating Forex Broker FXCM After Shares Crash

Today’s epic crash in FXCM shares has gotten the attention of Boston-based securities law firm Block & Leviton LLP.

The press release issued by Block & Leviton asks FXCM shareholders to get to know they legal rights, and anyone with insider information regarding the CFTC investigation to come forward:
“Confidentiality to whistleblowers or others with information relevant to the lawsuit is assured.”
At the close of the trading session, FXCM shares posted a decline of 49.63 percent on the day, settling at $3.45. In the afternoon, shares of the embattled brokerage were trading as low as $2.95, an all-time low!

Today’s plunge in the price of FXCM shares has wiped out and millions of dollars in shareholder equity.

FXCM’s ban from the U.S. retail currency trading space also forced the firm to file Form 8-K today with the SEC, which states that FXCM will be letting go a total of 150 employees (18% of global staff).

Scales of justice photo by North Charleston