KPMG states that there are still approximately 1,200 Alpari UK clients who have yet to be granted access to the Claims Portal due to valuation of open trades having not been completed
Read moreJoint Special Administrators Michael David Rollings and Steven Butt of Rollings Oliver are licensed to act as Insolvency Practitioners in the UK by the Insolvency Practitioners Association.
Read moreThe proposal by KPMG states that the most likely exit route will be dissolution, and proposes that the possible formation of a creditors committee should be discussed at the clients and creditors meeting on March 12. Meanwhile, the vacation of premises and sale of equipment is being documented by KPMG
Read moreThe Japanese regulator, Kanto Local Finance Bureau, has extended the period of administrative actions on Alpari Japan K.K. pertaining to the Financial Instruments and Exchange Act for one month from February 16, 2015
Read moreEarlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…
Read moreLiquid Markets, the UK Forex broker that was forced to halt operations in the aftermath of the events on “Black Thursday”, has just announced the appointment of special administrators from Baker Tilly Restructuring and Recovery LLP. Matthew Haw, Graham Bushby and Matthew Wild will act as Joint Special Administrators of the Forex broker under an order…
Read moreThe administrators from KPMG, who have been in charge of Alpari UK after the FX broker filed for insolvency less than two weeks ago, today issued a rather disappointing update for the clients of troubled company. In the announcement, dated January 30, 2015, the administrators say they are still in the process of analysing the…
Read moreCustomers of Alpari UK, the retail Forex broker that has just entered administration, can now make use of detailed information on the matter provided by the Financial Conduct Authority (FCA). Earlier today the UK financial watchdog published a FAQ section, addressed at Alpari UK's clients many of whom are now puzzled about what to do,…
Read moreJapan's Financial Services Agency has confirmed that the Japanese division of Alpari has gone into administration, customer funds will be returned in full
Read moreKPMG LLP has been appointed administrators of Alpari UK. Company will return $99 million of client money, as no buyers or lifeline providers emerged.
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