FXCM is being investigated by Abraham, Fruchter & Twersky for possible violations of federal securities laws. The investigation is being conducted on behalf of investors who bought FXCM common stock pursuant and/or traceable to the company’s Dec. 1, 2010 initial public offering.
It is probing if FXCM and certain of its officers and directors violated the federal securities laws by making inaccurate and misleading regarding the true nature of its business, operations and prospects. It is also investigating if FXCM failed to disclose that its growth and trading volume had declined by the time of the IPO.
Click here for the release from Business Wire.