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Stock Market & Financial Investment News

News Breaks
February 26, 2014
05:49 EDTFXCMFXCM announces setttlement with Financial Conduct Authority
FXCM announces that its U.K. subsidiaries have entered into a settlement with the Financial Conduct Authority. The settlement addresses trade execution practices concerning the handling of price improvements on FXCM UKs offsetting orders from August 2006 December 2010. Under the terms of the settlement, FXCM UK has agreed to pay fines totaling 4M pounds to the FCA and to provide approximately $10M in restitution to the affected clients. FXCM recorded a reserve $15M in Q3 for this matter and will record an additional $1.9M in Q4 to reflect the terms of the settlement and related expenses.
News For FXCM From The Last 14 Days
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October 13, 2014
05:37 EDTFXCMFXCM management to meet with UBS
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