Tag: swiss black swan

February 01, 2015 BY Andrew Saks-McLeod

Counting the true cost: FXCM Global Head of Dealing Eduard Yusupov's foreclosed shares sold for $2.4 million

FXCM Global Head of Dealing Eduard Yusupov had pledged 1.2 million units of FXCM Inc (NYSE:FXCM) stock with a broker as collateral on a margin loan facility. As a result of the events of January 15, the broker foreclosed on the collateral, which has now been sold for $2.43 million. Prior to January 15, this amount of FXCM shares would have been worth closer to $20 million

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