Global Brokerage files for bankruptcy, delists from NASDAQ
Posted: Wed Nov 15, 2017 1:13 am
Global Brokerage, a once partner and stakeholder in the forex and CFD broker FXCM Group, announced it is filing for bankruptcy under Chapter 11 of the United States Bankruptcy Code and is planning to restructure.
In the official statement the company also said it is delisting from NASDAQ and is parting ways with some of its board members and senior managers.
Also according to the official statement, Global Brokerage has entered into into a restructuring support agreement with around 70% of its noteholders.
In the official statement the company also said it is delisting from NASDAQ and is parting ways with some of its board members and senior managers.
Also according to the official statement, Global Brokerage has entered into into a restructuring support agreement with around 70% of its noteholders.