Forex Trader Sues Execs of Company He Founded Over Sudden Ouster

The Funded Trader LLC and three top executives allegedly ousted co-founder and forex trader Nicholas D’Arcangelo, redistributed his nearly 20% stake in the company, and terminated his health insurance without adequate notice, he says in a lawsuit.

The foreign exchange trading business, which D’Arcangelo registered in 2021 with the three co-founders named as defendants, allegedly utilized his significant social media following to drive online traffic and leveraged his contacts to build a customer base. The executives allegedly pushed D’Arcangelo out of the company in violation of his contract this year, according to the complaint filed Monday in US District Court …

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