Delaware | 001-35008 | 20-4568600 | ||
(State of Incorporation) | (Commission File No.) | (IRS Employer Identification No.) |
p | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
p | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
p | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
p | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
• | The Company does not expect the NFA’s proposed ban on credit card funding to have a significant impact on its overall business. Deposits from U.S. customers via a credit card currently represent approximately 5% of the Company's total global deposits. |
• | There are several other funding options available to the Company's U.S. customers, including debit cards, wire transfer and eChecks/ACH. |
• | In anticipation of the adoption of the NFA’s new rule regarding credit cards, the Company has enhanced its ACH/eCheck capabilities so that funds deposited by eCheck are immediately available for trading. |
• | With alternative funding methods available and the continued ability to use debit cards, the Company believes its U.S. customers will quickly adapt to the change. |
* | The information furnished in Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing. |
GAIN CAPITAL HOLDINGS, INC. | ||
By: | /s/ Jason Emerson | |
Jason Emerson | ||
Chief Financial Officer |