Report: FXCM Inc. Turns To Jefferies To Plug $200 Million Hole

FXCM Inc.

is in talks with an investment bank to raise $200 million that could plug a hole left by this week's stunning rise in the Swiss franc. The U.S. retail foreign-exchange broker said Wednesday that turmoil in currency exchange generated "negative equity balances owed to FXCM" of some $225 million, and that it "may be in breach of some regulatory capital requirements." https://www.sec.gov/Archives/edgar/data/1499912/000114420415002475/v398872_ex99-1.htm Citing unnamed sources, Bloomberg said Friday that FXCM is in talks to raise the money from Jefferies Group LLC

. FXCM shares were halted for news Friday. The stock is down about 25 percent this week to $12.63 a share.