FXCM, also known as Forex Capital Markets, is le forex wikipedia retail foreign exchange broker, now run from London after being banned from United States markets for defrauding its customers. 7 million penalty to settle a suit from the U.
FXCM to its customers and to regulators. FXCM withdrew its CFTC registration and agreed not to re-register in the future, effectively banning it from trading in the United States. A Managing Director of Leucadia National Corp, which before the bankruptcy held a 49. New York Stock Exchange until early 2017, and then on NASDAQ until its delisting in December 2017, soon after it announced its bankruptcy filing.
Global Brokerage Holdings, which owned 50. Ken Grossman was CEO of Global Brokerage. Drew Niv, who had earlier resigned the position, was interim Chief Executive Officer of Global Brokerage until about May 15, 2017. 1,000,000 if he stayed in the position for a full year, but with his tenure to terminate in one year.
At FXCM Group Brendan Callan was the CEO and Jimmy Hallac of Leucadia was Chairman of the Board. At least three sets of lawsuits were filed against the parent firm, Global Brokerage, Inc. Shareholders contend that they were misled by the company’s initial public offering prospectus or otherwise defrauded by management. Former customers contend that they were defrauded by the claim that they were trading on a “no dealing desk” system.