Breaking: Gain Capital Restates Financials Materially Decreasing Net Income
Posted: Mon May 02, 2016 11:21 am
According to regulatory filings made with the SEC ahead of the market open today in New York, online broker Gain Capital, traded on the NYSE under ticker GCAP, has made an amendment in order to restate certain of its 2015 financials including for the three months and nine months ending September 30th 2015, which together result in a material decrease in the amount of net income the company reported for those periods.
The filings noted that the net income reported for the three months and nine months that ended September 30, 2015 changed from $8.3 million ... (read more)