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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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September 19, 2014
07:22 EDTFXCMFXCM price target raised to $18 from $15 at UBS
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September 18, 2014
07:33 EDTFXCMUBS to hold a conference
FinTech Conference to be held in New York on September 18.
September 16, 2014
07:36 EDTFXCMCredit Suisse to hold a conference
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September 10, 2014
08:05 EDTFXCMFXCM price target raised to $17 from $12 at Credit Suisse
Credit Suisse raised FXCM's price target to $17 following strong August volume metrics. The firm continues to like the long-term story for FXCM and believes its cash position will make it a consolidator in the industry. Shares are Outperform rated.

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