Market Overview

Deadline Alert: GPM Reminds Investors of the April 10 Deadline in the Class Action Lawsuit Against FXCM, Inc.


Prongay & Murray LLP
("GPM") reminds investors of the April
10, 2017
 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors who purchased FXCM, Inc. ("FXCM" or
the "Company") (NASDAQ: FXCM)
securities between March 15, 2012 and February 6, 2017, inclusive
(the "Class Period"). FXCM investors have until April 10, 2017 to
file a lead plaintiff motion.

On February 6, 2017, the Commodities Futures Trading Commission ("CFTC")
found that FXCM was engaged in false and misleading solicitations of its
retail foreign exchange customers. According to the CFTC, FXCM covered
up both its relationship with the Company's most crucial market maker,
and that the fact that the Company's "No Dealing Desk" platform had
conflicts of interest with FXCM's customers.

The complaint filed in this lawsuit alleges that FXCM made materially
false and/or misleading statements and/or failed to disclose that: (1)
between September 4, 2009 through at least 2014, FXCM's U.S. subsidiary
engaged in false and misleading solicitations of its retail foreign
exchange customers by concealing its relationship with its most
important market maker and by misrepresenting that its "No Dealing Desk"
platform had no conflicts of interest with its customers; (2) FXCM's
U.S. subsidiary made false statements to the National Futures
Association about its relationship with the market maker; and (3) as a
result, Defendants' statements about FXCM's business, operations and
prospects were materially false and misleading and/or lacked a
reasonable basis at all relevant times.

If you purchased or otherwise acquired FXCM shares during the Class
Period you may move the Court no later than April 10, 2017 to
request appointment as lead plaintiff. To be a member of the class you
need not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class. If
you wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925
Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to,
or visit our website at
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at