James Brown continues mass sale of FXCM shares, has sold more than $1 million worth in 1 week


FXCM Inc (NYSE:FXCM) independent director and major shareholder James Brown has sold another 149,419 shares in the company over a series of transactions reported by the firm on a filing with the US Securities and Exchange (SEC), at a value of $194,244.

Mr. Brown conducted this sale, as with previous ones during this week, over a series of transactions which took place on May 22 this year.

In this case, six transactions took place which included the conversion of derivative securities which he beneficially owned (such as puts, calls, warrants, options and convertible securities) at nil value and the immediate sale of said securities.

This is the most recent set of transactions in the recent sale of shares which Mr. Brown has embarked on.

On May 19, Mr. Brown sold 1,900 shares, whilst on May 15, 2015, he 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 $1.30 per share.

In order to view the SEC filing, click here.

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James Brown continues mass sale of FXCM shares, has sold more than $1 million worth in 1 week

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