SYS-CON MEDIA Authors: RealWire News Distribution, Cynthia Dunlop, Mark O'Neill, Kevin Benedict

News Feed Item

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of INTL FCStone, Inc.

NEW YORK, Dec. 19, 2013 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of INTL FCStone, Inc. ("INTL FCStone" or the "Company") (NasdaqGS: INTL).  Such investors are advised to contact Peretz Bronstein or his investor Relation's coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether INTL FCStone and certain of its executives violated federal securities laws.  On December 17, 2013, shares of INTL FCStone fell $1.62 or 7.88% to close at $18.93 after the company announced it has filed a Form 12b-25 with the U.S. Securities and Exchange Commission, stating that the Company was not able to file its Form 10-K for the fiscal year ended September 30, 2013.  INTL FCStone is conducting a review to evaluate the need to restate its financial results for its 2011, 2012 and 2013 fiscal years as a result of an overstatement of trading gains discovered in the reconciliation of the Company's subsidiary, INTL FCStone Markets, LLC.   The company identified internal accounting errors that may reflect an overstatement of revenues from trading gains of up to $10.2 million, potentially inflating net profit by $6.4 million.

If you are aware of any facts relating to this investigation, or purchased shares of INTL FCStone you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.