US judge dismisses Gain Capital law suit

Spencer Rawlins, along with around 200 others who invested with the now-defunct Bellevue, Washington-based money manager Sterling Forex, alleged that Gain and Sterling Forex covered up losses and did not allow access to their accounts on Gain’s platform.

However, US district judge Miriam Cedarbaum dismissed the case, ruling that it was without grounding.

A Gain spokesperson explained: "Gain Capital’s sole affiliation with Sterling Forex was to act as a clearing firm for their foreign currency