INTL FCStone Markets, LLC Investigated

NEW YORK, Dec 24, 2013 (BUSINESS WIRE) —

The Rosen Law Firm, P.A. announces that it is investigating potential securities consumer alertfraud claims against Intl FCStone, Inc. INTL +2.44% resulting from allegations that the Company may have issued materially misleading business information to the investing public.

On December 17, 2013, Intl FCStone announced that it had identified accounting errors in the reconciliation of its subsidiary, INTL FCStone Markets, LLC and would be unable to file its Form 10-K for the fiscal year 2013 with the U.S. Securities and Exchange Commission on its due date. Intl FCStone believes these errors may reflect an overstatement of revenue trading gains of up to $10.2 million and net income of up to $6.4 million. Further, Intl FCStone disclosed that it may need to restate its financial statements for fiscal years 2011 and 2012. On this news, shares of Intl FCStone fell $1.95 per share, or by approximately 8%, to close at $18.60 on December 18, 2013.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Intl FCStone securities, you may visit the website at http://rosenlegal.com to join the class action.

You may also contact
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm

Toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

SOURCE: The Rosen Law Firm, P.A.

The Rosen Law Firm P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
http://www.rosenlegal.com

MarketWatch – BusinessWire

Advertisements

Leave A Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s