Michael Romersa continues to sell FXCM shares as he realizes a further $1.7 million


Retired FXCM (NYSE:FXCM) Chief Dealer Michael Romersa has continued to realize the cash value of his shares by selling a further proportion of his stake in the company, this time equating to a value of $1,733,947.93.

As recorded on a filing by FXCM to the Securities and Exchange Commission (SEC) dated December 19, 2014, Mr. Romersa sold 70,393 units of class A common stock at $17.03 per share, and a further 31,369 units of class A common stock at $17.06 per share.

This follows a previously reported transaction which took place on the same date in which Mr. Romersa concluded a sale of FXCM shares.

That particular transaction involved Mr. Romersa selling 62,301 shares at $16.96 per share, equating to a total monetary value of $1,056,624.96.

Mr. Romersa was Chief Dealer of FXCM before retiring prior to FXCM’s IPO in December 2010, and has recently engaged in a series of sales of proportions of his shares, the most notable having been in March this year, when he sold 550,000 units of common stock, at a value of approximately $8.8 million.

Following his most recent sale of shares, Mr. Romersa continues to hold a further 435,937 units of stock.

In March, Mr. Romersa’s high value liquidation followed similar sized sales of FXCM shares by Lucid Markets executive Matthew Wilhelm, which he received as part of FXCM’s purchase of 50% of Lucid in June 2012 for $176 million. Mr. Wilhelm offloaded a further $4.3 million worth of shares in October this year.

To view the official SEC filing, click here.

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Michael Romersa continues to sell FXCM shares as he realizes a further $1.7 million

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