FXCM ex chief dealer Michael Romersa continues selling FXCM shares, this time $2.9 million


Some more insider selling to report from FXCM…LeapRate has learned, via filings made with the U.S. Securities and Exchange Commission (SEC) on November 4th, that former FXCM (NYSE:FXCM) senior executive Michael Romersa has sold approximately $2.9 million more worth of his FXCM shares on October 31st and November 3rd. He sold 177,500 shares this time at prices ranging from $16.50 to $16.65.

This is the latest in a string of recent sales when LeapRate learned in late October that Mr. Romersa cashed in roughly $1.4 million of FXCM shares.

Romersa was Chief Dealer of FXCM before retiring prior to FXCM’s IPO in December 2010. After this latest sale, Romersa still holds over 637,100 FXCM shares worth about $10.5 million at the prevailing stock price. He remains above a 10% shareholder in the company.

Romersa still holds 4.1M of his shares as special ‘Holding Units’, held by original FXCM shareholders. These special derivative ‘Holding Units’ can be converted on a one-for-one basis for ‘regular’ publicly traded FXCM shares.

We are awaiting FXCM’s 2014 third quarter financial results after the closing of the U.S. financial markets on Thursday, November 6th. The financial results should be interesting as September was the firm’s highest volume metric in the retail segment to date.

For the official SEC filing, click here.

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FXCM ex chief dealer Michael Romersa continues selling FXCM shares, this time $2.9 million

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