GAIN Capital (Forex.com) Confirms Negative Balances Forgiven by Thursday

GAIN Capital (NYSE:GCAP) has sent out an email to its clients confirming it will reset accounts with negative balances wherever it is legally allowed to do so. Regulations in different jurisdictions around the world differ on whether this is permitted by securities laws.

Affected clients have been notified by email and GAIN Capital said it expects all credits to be completed and posted to clients’ trading accounts by 5pm ET on Thursday, 22 January, 2015.

Other notable international brokers are still on the fence regarding the issue of resetting negative balances.

bitcoin
Bitcoin (BTC) $ 35,786.00 5.68%
ethereum
Ethereum (ETH) $ 2,243.05 4.86%
tether
Tether (USDT) $ 1.01 0.50%
binance-coin
Binance Coin (BNB) $ 340.06 4.32%
cardano
Cardano (ADA) $ 1.43 4.16%
dogecoin
Dogecoin (DOGE) $ 0.292302 4.38%
xrp
XRP (XRP) $ 0.796928 5.74%
usd-coin
USD Coin (USDC) $ 1.00 0.20%
polkadot
Polkadot (DOT) $ 21.19 5.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 573.20 4.10%
S&P 500  ^GSPC 
$4,166.45  $55.41  (-1.31%)
Dow Jones Industrial Average  ^DJI 
$33,290.08  $533.37  (-1.58%)
NASDAQ Composite  ^IXIC 
$14,030.38  $130.97  (-0.92%)
Russell 2000  ^RUT 
$2,237.75  $49.71  (-2.17%)
Crude Oil Jul 21  F*CL.NYM 
$71.14  $0.3600  (0.51%)
   
$0.0000  $0.0000  (0.00%)