GAIN Capital Delays Annual Report over Tax Accounting Error

[kreslik.news]

According to filings made with the Securities and Exchange Commission (SEC), and after reported metrics filed yesterday, Gain Capital Holding Inc. (NYSE: GCAP) has today filed a Form 12b-25 which is a notification of late filing, as it doesn’t anticipate that it will be able to complete its 10-K for the period ending December 31st 2015 in time.

The company concluded that because of accounting errors in the manner that it accounted for certain taxes in recent years, its 2013, 2014 and the first three-quarters of 2015 will need to be restated, and as it detailed in yesterday’s filing.

It said how the way intercompany payables ... (read more)