FXCM (NASDAQ: FXCM) 88.1% LOWER; “clients experienced significant losses, generated negative equity balances owed to FXCM of approximately $225 million.” The firm said as a result of these debit balances, it may be in breach of some regulatory capital requirements. FXCM is actively discussing alternatives to return capital to levels prior to today’s events and discussing the matter with regulators.
The Wet Seal (NASDAQ: WTSL) 51.5% LOWER; announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy