An announcement has been made via filings made with the U.S. Securities and Exchange Commission (SEC), that former FXCM (NYSE:FXCM) senior executive Michael Romersa has sold approximately $1 million worth of his FXCM shares in a transaction which took place on December 19.
The transaction involved Mr. Romersa selling 62,301 shares at $16.96 per share, equating to a total monetary value of $1,056,624.96.
Mr. Romersa was Chief Dealer of FXCM before retiring prior to FXCM’s IPO in December 2010, and has recently engaged in a series of sales of proportions of his shares, the most notable having been in March this year, when he sold 550,000 units of common stock, at a value of approximately $8.8 million.
Following his most recent sale of shares, Mr. Romersa continues to hold a further 537,699 units of stock.
In March, Mr. Romersa’s high value liquidation followed similar sized sales of FXCM shares by Lucid Markets executive Matthew Wilhelm, which he received as part of FXCM’s purchase of 50% of Lucid in June 2012 for $176 million. Mr. Wilhelm offloaded a further $4.3 million worth of shares in October this year.
For the official SEC filing, click here.