Professional services company Baker Tilly has today released a series of frequently asked questions (FAQ) relating to the insolvency retail FX brokerage LQD Markets which went into administration following the Swiss National Bank’s removal of the 1.20 peg on the EURCHF pair.
Baker Tilly was appointed as the official administrator following the firm’s insolvency, and as part of its obligation to customers and creditors, the publicly available list of FAQs has been made available today.
Subjects covered include negative client balances and the procedure surrounding such circumstances, matters regarding the returning of funds held in segregated accounts, and the procedure relating to the closing of open positions at time at which the firm ceased operations.
In order to read the full list of FAQs and all updates regarding the administration of LQD from Baker Tilly, click here.
For a PDF download of the FAQ, click here.