Trader, CEO Concealed Subsidiary’s Fraudulent Scheme, Investor Argues

(February 13, 2017, 9:11 AM EST) -- NEW YORK — An online foreign exchange trading services provider and its CEO concealed that the company’s American subsidiary had engaged in “false and misleading solicitations of its foreign exchange customers” in violation of federal securities laws, an investor argues in a Feb. 8 securities class action complaint filed in New York federal court (Ying Zhao v. FXCM Inc., et al., No. 17-0955, S.D. N.Y.)....

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