FXCM major shareholder James Brown offloads further $312,000 worth of company shares

FXCM Inc (NYSE:FXCM) independent director and major shareholder James Brown has sold 207,970 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 .$312,000.

According to the filing, on May 15, 2015, Mr. Brown carried out 12 transactions in which he sold these 207,970 shares, also representing transactions which 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 values ranging from $1.45 per share to $1.51 per share.

For the official filing with the SEC, click here.

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