Do not invest more money than you can afford to lose.
Gain Capital’s (NYSE:GCAP) Chief commercial officer Samantha Roady has sold 20 000 of her common stock in the company, shows a regulatory filing with the US Securities and Exchange Commission (SEC).
According to the document, she has sold them at USD 7 the piece and pocketed USD 140 000. The sale was pursuant to a sales plant that complies with the requirements of US legislation. After the sale Roady still remains one of the larger stakeholders in America’s second largest forex broker both in terms of trading volume and client assets with 220 795 shares.
This is the third time since the beginning of this March when Roady parts with some of her stock. Last month she and several other senior managers of Gain Capital have sold some shares in order to satisfy tax obligations.
Meanwhile, Gain Capital reported that in March both its retail and institutional trading volumes plunged over the month and over the year. It also published its annual results for 2015, which showed a rise in the net revenue and the net revenue, compared to 2014.
Gain Capital Group was established in 2003 and went public on the NYSE in 2010. The company serves retail and institutional clients under the trading brands Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia Pacific regions. The broker offers trading in forex, commodities, and global equities. Its largest retail forex broker, Forex.com, also offers white label solutions for other forex brokers, operating throughout the world.
