FXCM Draws Lawsuit from Retired Teacher over $460k in Cancelled Trades

[kreslik.news]

FXCM has a new dilemma on its hands, this time from an unlikely source – Daniela Shurbanova, a Bulgarian former teacher, is suing the brokerage over cancelled currency trades dating back to 2013. The firm allegedly cancelled gold and USD transactions costing Ms. Shurbanova upwards of $460,000.

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However, the lawsuit may not be as linear as originally perceived, given a number of oddities and circumstances surrounding the transactions of Ms. Shurbanova. In particular, she had allegedly engaged in what the brokerage described as ‘abusive’ trading strategies, per a Bloomberg report.

The lawsuit, Daniela ... (read more)