Global Brokerage Inc. (GLBR)

[shurtha2000]

$2M market cap

[greenvestor2000]

welcome to dollarland - easy

[greenvestor2000]

finance lowfloater bouncin

[hulksmash36]

Bounce off the increased volume

[JTrader]

Yep. Insiders abandoning ship. .0001 coming

[willlbone]

Insiders selling. Get out.

[willlbone]

Turkey

[Loreus]

GLBR

[alchemytrader]

did they change symbols?

[Crusen]

What I did is warn people about this Dead Cat all the way down from 3.5 or so on its bounce to where I bailed on my puts around 0.8 pre-split.

You just wouldn't listen and had to be pumping FXCM because it's was supposedly such a great company. But I guess you forgot that. Not surprising that someone who could fall in love with such a shitty ticker would forget things.

[Crusen]

Lol shitty little FXCM hahaha.

[robtewms]

How low can it go before it starts to rocket?

[CarlCarlMcB]

.01

[Clearly I Am Correct]

False Statements to the NFA

The Order also finds that FXCM willfully made false statements to NFA in order to conceal FXCM’s role in the creation of its principal market maker as well as the fact that the market maker’s owner had been an FXCM employee and managing director. The Order finds that during a meeting between NFA compliance staff and FXCM executives, Niv omitted to mention to NFA the details of FXCM’s relationship with the market maker.

The Order holds Niv and Ahdout liable for FXCM’s fraud violations as “controlling persons” who were responsible, directly or indirectly, for FXCM’s violations. Niv is also held liable for FXCM’s false statements to NFA as a controlling person who was responsible directly or indirectly for those violations. FXCM Holdings is held liable for FXCM’s fraud and false statement violations as principal of FXCM, the Order also finds.

[mgland]

As of November 7, 2016, there were 5,602,534 shares outstanding of the registrant’s Class A common stock, par value $0.01 per share, and 25 shares outstanding of the registrant’s Class B common stock, par value $0.01 per share.

[Clearly I Am Correct]

CFTC Orders Forex Capital Markets, LLC (FXCM), Its Parent Company, FXCM Holdings, LLC and FXCM’s Founding Partners, Dror Niv and William Ahdout, to Pay a $7 Million Penalty for FXCM’s Defrauding of Retail Forex Customers

[Pip pirate]

fxcm usa is sold

[Pip pirate]

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Forex Capital Markets








February 6, 2017

FXCM US Reaches Settlement with NFA and CFTC
FXCM to Exit the U.S.
Sells Accounts to GAIN
FXCM to Pay down Loan


NEW YORK, February 6, 2017-- FXCM Inc. (NASDAQ:FXCM) (“FXCM”) today announced simultaneous regulatory settlements with the National Futures Association ("NFA") and the Commodity Futures Trading Commission (“CFTC”) against its U.S. subsidiary, Forex Capital Markets LLC and certain of its principals. FXCM Holdings, LLC was also named in the CFTC settlement. The named FXCM entities and principals neither admit nor deny the allegations associated with the settlements. The NFA settlement has no monetary fine, and the CFTC settlement has a $7 million fine.

FXCM will be withdrawing from business in the U.S. and has signed a non-binding letter of intent with GAIN Capital Holdings, Inc. (“GAIN”) under which GAIN would purchase FXCM’s U.S. customer accounts. The transaction is subject to regulatory approval and a definitive agreement. FXCM and GAIN are working to determine the timing for the account transfer and expect to provide further information in that regard in the coming days. In 2016, FXCM’s U.S. business had unaudited net revenues of approximately $48 million and generated an EBITDA[1] loss, but the costs associated with the business will not be transferring to GAIN. There will be no changes to FXCM customers outside of the United States.

Withdrawing from this business will free approximately $52 million in capital. Proceeds from the account sale and the release of capital will go toward the further repaying of FXCM’s loan from Leucadia National Corporation.

FXCM will for the interim period continue to service its U.S. customers and to provide top quality trade execution pending the customer-account sale and business withdrawal. FXCM will also be working diligently to be sure that an account transition to GAIN’s retail brand, FOREX.com, will be orderly, expeditious and seamless. FXCM wants to express its most sincere thanks to those U.S. customers who have been with FXCM over the years and wish you all the best of luck following this transition.

FXCM wants to stress that these settlements have no impact on any customer of FXCM’s global businesses. FXCM and its global subsidiaries will continue to provide excellent execution and competitive pricing to its customers overseas through its award-winning technology, customer service and trading tools.

Disclosure Regarding Forward-Looking Statements

In addition to historical information, this release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and/or the Private Securities Litigation Reform Act of 1995, which reflect FXCM's current views with respect to, among other things, its operations and financial performance in the future. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about FXCM's industry, business plans, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict including, without limitation, risks associated with FXCM’s plans to shut down its US subsidiary and a potential sale of its US customer accounts, risks associated with FXCM’s strategy to focus on its operations outside the United States, risks associated with the events that took place in the currency markets on January 15, 2015 and their impact on FXCM's capital structure, risks associated with FXCM's ability to recover all or a portion of any capital losses, risks relating to the ability of FXCM to satisfy the terms and conditions of or make payments pursuant to the terms of the finance agreements with Leucadia, as well as risks associated with FXCM’s obligations under its other financing agreements, risks related to FXCM's dependence on FX market makers, market conditions, risks associated with FXCM’s litigation with the National Futures Association or any other potential litigation or regulatory inquiries to which FXCM may become subject, risks associated with potential reputational damage to FXCM resulting from FXCM’s plans to shut down its US subsidiary, and those other risks described under "Risk Factors" in FXCM Inc.'s Annual Report on Form 10-K, FXCM Inc.'s latest Quarterly Report on Form 10-Q, and other reports or documents FXCM files with, or furnishes to, the SEC from time to time, which are accessible on the SEC website at sec.gov. This information should also be read in conjunction with FXCM's Consolidated Financial Statements and the Notes thereto contained in FXCM's Annual Report on Form 10-K, FXCM Inc.'s latest Quarterly Report on Form 10-Q, and in other reports or documents FXCM files with, or furnishes to, the SEC from time to time, which are accessible on the SEC website at sec.gov.

These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in our SEC filings. FXCM Inc. undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

About FXCM Inc.

FXCM Inc. (NASDAQ:FXCM) is a publicly traded company which owns 50.1% of FXCM Group, LLC (FXCM Group).

FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"]. FXCM Group is owned and operated by FXCM Inc. (NASDAQ:FXCM) and Leucadia National Corporation (NYSE:LUK). Leucadia National Corporation is a multi-billion dollar diversified holding company engaged through its consolidated subsidiaries in a variety of businesses.

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.

Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors.


Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
[e-mail]

[e-mail]





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Copyright 2017 Forex Capital Markets

[eimarl]

Omg. Stock is so dead.. we need action!

[Condor65]

Exactly.

[Crusen]

Sorry, I don't know the bottom. I quit following this stock closely a while ago.

All I know now is, the ticker is uncompelling.

Like, what is a good reason to hold it? I saw the little restructuring thing they had with knight or whatever, I forget the details, buy it wasn't too great I think.

Fxcm's business model is exceptionally weak, it seemed.

[DD]

Bottom????

[Condor65]

I don't know what you did, but i've sold with a 25% gain and i'm ready to reload.

[Crusen]

Lvl2 is for fools, and you have been wrong, and are wrong again....

FXCM is a Dead Cat, Caveat Emptor

[Condor65]

I assume that you know all the story, and i go stright to the point.

In my opinion, the lower price we could see at this point is 7.8.

Considering Christmas.

It means -5% from now.

IMHO not lower, due the shortage in available shares (have you seen LVL2 ?), and the Stock Repurchase Program (Buy back).

Anyway, reasoning and different ideas are welcome.

About the Robbins Arroyo's investigation, i remember that the Company is fighting for his indipendency : a lot of competitors would like to see them out of the market.

The Stock Repurchase Program (130Mills) was a forced choice to maintain the market standard requirements, after the reverse split.

This choice to maintain the threat of a massive buy back active has removed a problem, but, of course, we don't have dividends until Q1/2018, when the loan will be repaid.

IMHO, of course...

[Condor65]

Robbins Arroyo LLP Is Investigating the Officers and Directors of FXCM Inc. (FXCM) on Behalf of Shareholders

http://ih.advfn.com/p.php?pid=nmona&article=73132879&symbol=FXCM

Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of FXCM Inc. (NASDAQGM: FXCM) breached their fiduciary duties to shareholders by diminishing shareholder value in connection with the company's January 2015 credit agreement with Leucadia National Corporation. FXCM, through its subsidiaries, provides online foreign exchange trading and related services to retail and institutional customers worldwide.

View this press release on the law firm's Shareholder Rights Blog: www.robbinsarroyo.com/shareholders-rights-blog/fxcm-inc-dec-2016

FXCM Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at [phone], [e-mail], or via the shareholder information form on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161213006420/en/

Robbins Arroyo LLP
Darnell R. Donahue
[phone] or Toll Free [phone]
[e-mail]
www.robbinsarroyo.com

[DD]

close to the short term bottom?

[a surfer]

Multi day runner or one hit wonder?

[Condor65]

FXCM US and QuantConnect Announce Live Trading Integration

http://ih.advfn.com/p.php?pid=nmona&article=73062532&symbol=FXCM

Forex Capital Markets LLC, (“FXCM US” or “FXCM" ) the US entity of FXCM Inc. (NASDAQ:FXCM), a global online provider of foreign exchange (FX) trading and related services, announced today Live Trading Integration with QuantConnect, a leading cloud-based algorithmic trading platform for strategy creation, backtesting and deployment. Paired with the power of FXCM’s No Dealing Desk (NDD) execution, algo traders can run strategies with no restrictions and enjoy the benefits of anonymous order execution with FXCM’s industry-leading execution API.

QuantConnect was built on the Lean Algorithmic Trading Engine (“Lean”), an open source fully managed C# algorithmic trading engine built for desktop and cloud usage. The platform is event driven, multi-threaded and built to give the user maximum control and flexibility. Python, C#, and F# are all supported, along with mathematical libraries of each language.

QuantConnect users can access FXCM’s historical tick, second and 1 min price history dating back to 2007. With more than 24,000 quants participating in the QuantConnect forums, users can search thousands of solutions, clone algorithms with one click, and get advice from experienced quants.

“QuantConnect is excited to integrate with FXCM to provide powerful algorithmic trading services to its FX clients, furthering our mission to be the infrastructure which drives algorithmic trading in the future,” stated Jared Broad, CEO of QuantConnect.

Ornit Niv, CEO of FXCM US added, “FXCM is excited to work with such an innovative technology company like QuantConnect. FXCM sees tremendous value for algo traders in their open source model that offers outstanding flexibility and power for strategy creation and backtesting. FXCM continues to prioritize development of tools, resources and partnerships for clients seeking the most comprehensive solutions for their diverse algorithmic trading needs.”

FXCM offers clients powerful connectivity and hosting services through our Application Programming Interface (API) solutions. Clients can minimize latency by collocating with FXCM’s VPS partners or FXCM’s data center directly. Clients with rack space in FXCM’s data center can cross-connect directly to FXCM’s server without leaving the data center.

Clients with rack space outside of FXCM’s data center are provided with Metrolink access, a service that connects data centers directly and minimizes latency. FXCM partners with multiple VPS providers with a physical presence in FXCM’s data center, offering virtual hosting options to clients who prefer to not maintain their own rack space.

FXCM offers 3 of the top industry APIs available, the industry standard FIX API (available with or without market depth), FXConnect API, and Java. Each API is tailored for different client needs. Free unlimited professional quality price history is available in all timeframes through our FXConnect API. Traders in need of developers can utilize FXCM’s Programming Services team to build the most complex custom strategies.

Integrating with a partner like QuantConnect allows FXCM to expand its ecosystem and the scope of platform options for the algorithmic trader.

To learn more about FXCM’s integration with QuantConnect or API solutions visit: https://landing.fxcm.com/quantconnect/

At this time the FXCM and QuantConnect Live Trading Integration is only available to clients trading with an FXCM US account.

About Us:
FXCM Inc. (NASDAQ:FXCM) is a publicly traded company which owns 50.1% of FXCM Group, LLC (FXCM Group).

FXCM Group is a holding company of Forex Capital Markets LLC, (FXCM US), Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited, (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies (collectively “FXCM”). FXCM Group is owned and operated by FXCM Inc. (NASDAQ:FXCM) and Leucadia National Corporation (NYSE:LUK). Leucadia National Corporation is a multi-billion dollar diversified holding company engaged through its consolidated subsidiaries in a variety of businesses.

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. The company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools proprietary data and premium resources.

FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

About QuantConnect
QuantConnect believes technology driven, algorithmic trading will drive the future of investment. We are an open-source community of 20,000 data scientists, engineers and quantitative developers collaborating to build a cutting edge investment platform.

Our technology enables testing investment strategies in equities, forex, cfd, options and futures markets - globally. By providing key infrastructure required, we allow you to focus on building your strategy.

Our clients include individual investors, start up hedge funds, brokerages and financial technology companies.

Deploy an algorithm for free at QuantConnect.com and test it across our 120TB data library, or fork our open source project LEAN to work with your own data. For more information contact us online.

[Condor65]

Reuters: Daily retail FX volumes rise in Q3


LONDON, Nov 11 (Reuters) - Foreign exchange trading through online retail brokers ticked higher in the third quarter, helped by a rise in politically driven volatility that is looking like the main factor driving the world's biggest financial market
this year.

Data published by researchers Finance Magnates Business Intelligence (www.financemagnates.com) ahead of an annual
industry summit in London showed brokers traded almost $7.5
trillion per month worldwide in the three months to the end of
September, up from $7.23 trillion in the previous quarter.

Previously viewed as a sideshow to the trading between banks
and big investment and pension funds that forms the core of the
$5 trillion-a-day global market in currencies, the retail sector
has grown steadily in the last five years.

A retreat in wholesale volumes has also made retail accounts
a larger part of overall market activity, and trading rose
sharply in both quarterly and annual terms at the start of this
year.

"It's fair to say that Brexit, or rather the continuous
volatility it has created, has contributed to a mild uptick in
volumes, in a quarter usually marked by summer slowdown," the
website's head of content Jonathan Fine said.

The data, none of which has been checked by Reuters, showed
volumes outside the huge Japanese market which makes up almost
half of all global retail trading rose to $4.15 trillion a
month, or $189 billion a day, from $172 billion a day in the
second quarter.

Two Asia-focused brokers, GMO Click and DMM.com, continued
to lead the website's rankings with volumes more than double
those of their nearest competitors.
Daily trade in Japan, however, dipped to $150 billion from
$163 billion in the second quarter.

(editing by John Stonestreet)
(([e-mail]; [phone]; Reuters
Messaging: [e-mail]))

[Crusen]

You can't be serious. All the shares you want will materialize with a 7.7 bid.

You may want to read the article I posted the link to. Seriously.

[Condor65]

No losses. I'm increasing.

I vould like to buy more, but no shares are availables.

Have you seen the LVL2 ?

To buy 2500 shares a man have to go to 9.85$.

No way.

Until a "chicken little" sells on the bid ...

[Crusen]

More like:

FXCM Falls on Big Loss (FXCM)

http://www.investopedia.com/news/fxcm-falls-big-loss-fxcm/

I'm sorry for your loss. But you do insist on owning this dog.

[Condor65]

FXCM, Inc. (FXCM) Reports Q3 EPS of $6.39

Tue, 08 Nov 2016 06:53:09 -0500

FXCM, Inc. (NASDAQ: FXCM) reported Q3 EPS of $6.39, versus $12.10 reported last year. Revenue for the quarter came in at $61.4 million, versus $59.58 million reported last year.

For earnings history and earnings-related data on FXCM, Inc. (FXCM) click here.

http://www.streetinsider.com/ec_earnings.php?q=FXCM

[Crusen]

Except down, roughly 15% in the last few months.

[Condor65]

FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million

http://ih.advfn.com/p.php?pid=nmona&article=72560133

FXCM Inc. / FXCM Signs Agreement to Sell News and Research Website DailyFX for $40 Million . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

NEW YORK, Sept. 30, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NASDAQ:FXCM) ("FXCM"), a leading online provider of foreign exchange (FX) trading and related services, today announced that it has agreed to sell DailyFX, its news and research website to IG Group ("IG"), a global leader in online trading, for a price of $40 million. Subject to IG final approval and customary closing conditions, the transaction is expected to close by the end of October.

Upon completion, IG will receive the entire DailyFX business including all international and domestic web domains, source code and content. 34 employees currently working on DailyFX domains will also transfer to IG in the transaction. FXCM will continue to be an advertiser to U.S. and Canadian residents on the DailyFX English version of the website.

Once the transaction is completed, a transition period for migration purposes will begin immediately. Cash of $36 million will be paid to FXCM on closing, with the additional $4 million to be paid on completion of certain migration requirements. Proceeds from the sale will be used to repay debt owed to Leucadia. Following this transaction, FXCM will have made loan repayments of $157 million to Leucadia with $153 million outstanding and will have repaid more than half its debt.

"While DailyFX is a high quality asset and was not a targeted asset to sell, the opportunity came along and it was something we felt we should take advantage of," said Drew Niv CEO of FXCM. "At this time, we do not plan on selling any other retail FX assets and believe the remaining assets held for sale satisfy the remaining debt outstanding to Leucadia."

FXCM strongly believes in education, trading tools and resources and will continue to offer high quality forex trading education and provide news and analytics through its FXCM web domains as well as on the FXCM Trading Station platform and charting package. The company will continue to offer FXCM clients with proprietary data and premium resources. In the coming weeks FXCM will be launching FXCM Plus, a password protected webpage for all FXCM live clients which will include FXCM's proprietary data including signals, sentiment data (SSI), live webinars and technical alerts. FXCM clients will also still have access to IG's DailyFX PLUS.

[Condor65]

FXCM, Inc. (FXCM) Announces $15M Common Stock 'At-the-Market' Offering Program

http://www.streetinsider.com/Corporate+News/FXCM%2C+Inc.+%28FXCM%29+Announces+%2415M+Common+Stock+At-the-Market+Offering+Program/12093530.html

FXCM Inc. (NASDAQ: FXCM) announced that it has commenced a $15 million “at-the-market” offering program.

Under the program, the Company may, from time to time and at its discretion, offer and sell shares of its Class A common stock (“Common Stock”) having an aggregate gross sales price of up to $15 million through Jefferies LLC, which will serve as sales agent. The Company intends to use the net proceeds generated through the program to reduce its outstanding indebtedness and for other general corporate purposes.

Sales of Common Stock under the program may be made in negotiated transactions or transactions that are deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act of 1933, as amended (the “Securities Act”), including sales made directly on the NASDAQ Global Market or sales made to or through a market maker other than on an exchange.

The Common Stock will be offered under the Company’s effective shelf registration statement (including a prospectus) filed with the Securities and Exchange Commission (“SEC”). A prospectus supplement related to the offering has been filed with the SEC. Any offer, solicitation or sale will be made only by means of the prospectus supplement and the accompanying prospectus. Current and potential investors should read the prospectus forming part of the registration statement, and the prospectus supplement relating to the program and other documents the Company has filed with the SEC for more complete information about the Company and the program.

A copy of the prospectus supplement and accompanying prospectus relating to these securities may be obtained by contacting Jefferies LLC, 520 Madison Avenue, 2nd Floor, New York, NY 10022, Attention: Equity Syndicate Prospectus Department, or via telephone at 877-547-6340.

[Condor65]

FXCM is under Rule 201 from 10/03 to 10/05, 02.00 CET

https://www.sec.gov/divisions/marketreg/rule201faq.htm

Rule 201 requires that a trading center establish, maintain, and enforce written policies and procedures reasonably designed to prevent the execution or display of a short sale order of a covered security at a price that is less than or equal to the current national best bid if the price of that covered security decreases by 10% or more from the covered security’s closing price as of the end of regular trading hours on the prior day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies.

Today IB reports:

Available for short selling: 142K (Rule 201)

Fee rate: 15.08%

Rebate rate: -14.79%

[Condor65]

FXCM to move to NASDAQ

http://ih.advfn.com/p.php?pid=nmona&article=72418115

FXCM Inc. / FXCM to move to NASDAQ . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.

NEW YORK, Sept. 13, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NYSE:FXCM) today announced that it is transferring its stock exchange listing to The NASDAQ Global Market. The last day of trading on The New York Stock Exchange, will be Friday September 23, 2016. FXCM shares will begin trading as a NASDAQ-listed security on the following trading day, Monday, September 26, 2016, and will continue to trade under the symbol FXCM.

"At this time we feel moving our shares to NASDAQ is the right decision for our business," said Drew Niv, CEO of FXCM. "We recognize all that the New York Stock Exchange has done for us over the last few years, and we look forward to our shares trading on NASDAQ."

[Condor65]

FXCM, Inc. (FXCM) Announces Dismissal of Shareholder Class Action

http://www.streetinsider.com/Corporate+News/FXCM%2C+Inc.+%28FXCM%29+Announces+Dismissal+of+Shareholder+Class+Action/11965995.html

FXCM Inc. (NYSE: FXCM), and certain officers were named defendants in a securities class action lawsuit filed in the United States District Court for the Southern District of New York on May 8, 2015. On August 18, 2016, the District Court granted the Company’s motion to dismiss all the claims asserted in the complaint against defendants. The Plaintiffs were given thirty days to file an amended complaint, should they choose to do so.

The full order granting the motion for dismissal can be found on the Company’s Investor Relations website here:
ir.fxcm.com\

[Condor65]

FXCM says notified CFTC, NFA of January 2015 capital shortfall
[Reuters]

August 19, 2016

https://finance.yahoo.com/news/fxcm-says-notified-cftc-nfa-183810873.html

By Gertrude Chavez-Dreyfuss

NEW YORK, Aug 19 (Reuters) - U.S. retail broker Forex Capital Markets said on Friday it promptly notified the Commodity Futures Trading Commission and the National Futures Association of its capital deficiency on January 15 last year, when the Swiss National Bank moved to abandon the Swiss franc's peg to the euro.

This was contrary to what the CFTC said in its lawsuit against FXCM filed on Thursday. The CFTC said FXCM was under-capitalized for two days in January last year and failed to report that to the commission.

The New York broker eventually disclosed its capital shortfall, but only after the CFTC and NFA initiated contact, according to the CFTC lawsuit.

FXCM is the largest U.S. retail broker, with about 200,000 customers worldwide and 88,000 in the United States.

In its statement, FXCM said following the SNB move, FXCM customers lost approximately $225 million by the close of business on Jan. 15, 2015.

"As a result of such losses, FXCM experienced for the very first and only time in its history a one-day regulatory net capital shortfall," the company said.

"FXCM thereafter promptly notified both the CFTC and the National Futures Association of its net capital shortfall due to the unforeseen SNB Event."

The company added that within hours of that notification, teams of CFTC and NFA personnel were on site at FXCM's offices.

Based on CFTC regulations, FXCM's capital requirement is $25 million.

By the afternoon of Jan. 16, 2015, FXCM said it was able to cure its shortfall through a $300 million loan from Leucadia National Corporation.

"We averted the crisis. Given those facts, we could not be more disappointed that the CFTC has decided to pursue an undercapitalization violation claim against FXCM," FXCM said.

The New York-based broker also disputed claims by the CFTC that it guaranteed customers it would not lose money by "zeroing out negative customer balances."

CFTC rules explicitly prohibit a retail currency dealer like FXCM from representing it "will guarantee customers against loss, limit the loss of customers, or not call for or attempt to collect security deposits, margin, or other deposits of customers."

FXCM said it has repeatedly warned its customers of the significant risks of trading currencies and that such trading is appropriate only for individuals who can assume risk of loss in excess of their investment and margin deposit.

In mid-afternoon trading, FXCM was down more than seven percent at $9.46 per share, its lowest in two weeks.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama)

[Condor65]

FXCM Issues Statement on CFTC Complaint
GlobeNewswire•August 19, 2016

https://finance.yahoo.com/news/fxcm-issues-statement-cftc-complaint-170501403.html

NEW YORK, Aug. 19, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (FXCM) (or the “Company”), today issued a statement on the complaint filed yesterday by the Commodity Futures Trading Commission (the “CFTC”) alleging violations of certain provisions of the Commodity Exchange Act. The CFTC claims relate to the unprecedented and unforeseen crisis that occurred in January 2015 – more than twenty months ago – when the Swiss National Bank (“SNB”) shocked the world currency market by announcing in the middle of a trading day that it was discontinuing the minimum exchange rate of the Swiss Franc to the Euro (the “SNB Event”). The Company is very disappointed by the CFTC’s decision to file this complaint and attempt to punish FXCM who, like other market participants, was a victim of the SNB Event.

The SNB Event damaged world markets and damaged FXCM and its customers. By the close of business on January 15, 2015, FXCM customers lost approximately $225 million. As a result of such losses, FXCM experienced for the very first and only time in its history a one-day regulatory net capital shortfall. FXCM thereafter promptly notified both the CFTC and the National Futures Association (the “NFA”) of its net capital shortfall due to the unforeseen SNB Event. Within hours of that notification, teams of CFTC and NFA personnel were on site at FXCM’s offices.

Faced with the crisis of the SNB Event, FXCM and its board of directors worked around the clock to raise the funds needed to cure its regulatory shortfall. We succeeded. By the next afternoon, the Company cured its capital shortfall through a $300 million loan from Leucadia National Corporation. We averted the crisis. Given those facts, we could not be more disappointed that the CFTC has decided to pursue an undercapitalization violation claim against FXCM. Such a claim under these circumstances is unprecedented and unwarranted. We are also disappointed in the CFTC’s intimation that the Company’s “seatbelt” system contributed to the FXCM’s undercapitalization during the SNB Event. To the contrary, the Company’s seatbelt system prevented FXCM and its customers from suffering additional trading losses that day.

Equally unwarranted is the CFTC’s claim that the Company did not timely notify the CFTC of its net capital shortfall. As noted above, the regulators were fully apprised of the capital shortfall and, within hours of the SNB Event, the CFTC and the NFA were on site at FXCM’s offices.

We also see no basis for the CFTC’s claim that the Company improperly guaranteed customers that they would not lose money. To the contrary, FXCM repeatedly represented to and warned its customers of the significant risks of trading FX and that such trading is appropriate only for individuals who can assume risk of loss in excess of their investment and margin deposit. In fact, FXCM customers were required to acknowledge in writing that they received no guarantees of profit or freedom of losses from FXCM or its representatives.

This action is unfortunate and disappointing, but the good news is that, because we acted as expeditiously as we did in January 2015, we protected our clients, we protected our employees, we protected our shareholders, and we protected our franchise.

About FXCM Inc.

FXCM Inc. (FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.

Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.

Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

[Crusen]

Yeah, FXCM is a basket case going nowhere.

Citi was happy to unload their unwanted forex crap to FXCM.

FXCM will not be buying back shares, but they have to print new ones to pay the bills.

LUK has a lock on a huge portion of FXCM's assets and that is not going to change.

[Condor65]

The question is different:

They have sold some non core assett, the loan has been renegotiated (jan 1, 2018), the balance is ok, and they are buying assetts from others Companies ( from CITI).

Problem ? The market evaluation is near 50 millions.

Today is 53.

I know one stinky pinky pumped over 150 ...

But people wants money NOW.

I could put all the link to docs, of course.

[Crusen]

I guess that would be pretty dumb to think they are both buying shares back and selling millions of new ones to pay the bills then huh?

And pretty dumb to buy shares of a stock that suffered a black swan event which is fortunate to even still be in business. Unless you are a sick masochist.

[Condor65]

I read ! : USE OF PROCEEDS

Unless otherwise indicated in a prospectus supplement, we intend to use the net proceeds from our sale of securities pursuant to this prospectus from time to time to reduce or refinance outstanding debt, redeem or repurchase certain outstanding securities, increase our working capital, and for general corporate purposes. We have not allocated the proceeds to these purposes as of the date of this prospectus. Allocation of the proceeds of a particular series of securities, or the principal reasons for the offering, if no allocation has been made, will be described in the applicable prospectus supplement.

http://ih.advfn.com/p.php?pid=nmona&article=72069507

[Crusen]

Okay, maybe you should read more. I'm not sure what you're trying to gain by bottom fishing a company with crap financing but to each their own:)

FXCM Inc. may offer from time to time up to an aggregate of $125,000,000 of any combination of Class A common stock, preferred stock, debt securities, depositary shares, purchase contracts, warrants or units, in one or more offerings.

http://ih.advfn.com/p.php?pid=nmona&article=72069507

[Condor65]

That's not what i've just read.

https://finance.yahoo.com/quote/FXCM/key-statistics?p=FXCM

O/s = 5.6 Millions.

No dilution. Not at all.

[Crusen]

They aren't buying back they are diluting out

[Condor65]

A wonderful day to increase the position.

We want the buy back !