Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has just posted a set of unaudited metrics for the quarter to end-September 2021, with the numbers revealing a widening of the stockholders’ deficit in the quarter.

The broker posted total stockholders’ deficit of $183.5 million for the third quarter of 2021. This compares with a deficit of $173.2 million at the end of the second quarter of 2021. This compares with stockholders’ deficit of approximately $164 million at the end of the first quarter of 2021.

Let’s note that the company has stopped filing financial reports with the US Securities and Exchange Commission (SEC) following Global Brokerage’s delisting and bankruptcy. Hence, the lack of any explanation for the results being what they are.

Looking at the key financial metrics, let’s mention that Global Brokerage reported total net revenues of $24.4 million, slightly higher than the result of $22.73 million registered in the second quarter of 2021.

Net loss attributable to Global Brokerage Inc was approximately $10.04 million in the third quarter of 2021. This compares with a net loss of $9.09 million registered in the preceding quarter.

Global Brokerage has been a defendant in a number of lawsuits. One of these has been launched by investors in the broker. The case stems from the events from February 2017, when FXCM reached settlements with the CFTC and NFA, in a move that led to its exit from the US retail FX market. The price of FXCM’s securities plummeted after the regulatory settlements were announced, thereby damaging investors in FXCM Inc.

The plaintiffs brought this class action suit against FXCM, Dror Niv and William Ahdout, alleging that, from March 15, 2012 until February 6,2017, Defendants committed securities fraud in violation of Sections IO(b) and 20(a) of the Securities Exchange Act of 1934 and Rule l0(b)-5. Specifically, the plaintiffs allege that the defendants were responsible for false or misleading statements with respect to FXCM’s purported agency-trading model and FXCM’s relationship with another company, Effex Capital.

On September 9, 2021, FXCM Inc, Dror Niv and William Ahdout submitted a Motion for Summary Judgment on all claims asserted by the plaintiffs.