FXCM major shareholder James Brown continues to sell down his stake


FXCM Inc (NYSE:FXCM) independent director and major shareholder James Brown has sold another 1,900 shares in the company over a series of transactions reported by the firm on a filing with the US Securities and Exchange, at a value of $2,660.

These particular transactions which took place on May 19 involve the conversion of derivative securities which he beneficially owned (such as puts, calls, warrants, options and convertible securities) at nil value.

Whilst the amount sold does not represent a significant amount, this is the latest in a number of share sales by Mr. Brown.

On May 15, 2015, Mr. Brown carried out 12 transactions in which he sold 207,970 shares at a total value of $312,000, which also included transactions that involved converting derivative securities which he beneficially owned (such as puts, calls, warrants, options and convertible securities) at nil value.

This sale of shares follows a previous series of transactions just two days earlier, in which Mr. Brown sold 358,028 units of FXCM stock, at a total value of $585,000.

In his most recent transactions, Mr. Brown sold the shares at a value of $1.40 per share.

To view the official SEC filing, click here.

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FXCM major shareholder James Brown continues to sell down his stake

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