Breaking: Fortress Prime Debacle Pushes FXCM to Write Off up to $6.8m
Posted: Tue Mar 22, 2016 3:55 pm
After the news that the access of Fortress Prime to the services of its technology provider have been cut off and the company’s clients are not only not receiving their withdrawals but have also lost the ability to check their account balances, the dire financial state of Fortress Prime is now confirmed by the actions of one of the biggest brokerages in the industry.
A number of sources with knowledge of the matter have shared with Finance Magnates that FXCM has been a client of Fortress Prime, and an in-depth look into the company’s 10-K filing with the SEC and the firm’s ... (read more)