More on FXCM selling US accounts to Gain

The story so far on FXCM and Gain:

• CFTC orders FXCM to pay $7M penalty for defrauding retail forex customers
• FXCM says Gain Capital Holdings to purchase its US accounts
• FXCM will terminate 150 employees after leaving the US. Shares open down more than 50%

More:

• CFTC Levies $7m Fine on FXCM, Forced to Quit US Market
• GAIN Capital CEO Comments on FXCM US Clients Acquisition

And, moving forward:

• Question: Who do you want on the other side of your FX trade?
• What's the best way to choose a broker?

Bloomberg have a bit more up now:

• FXCM to sell US-domiciled customer accounts to Gain Capital
• Gain Capital to pay up to $500 for each client account