LeapRate Exclusive... LeapRate has learned that Alpari UK Special Administrator KPMG is about to go live with the Claims Portal, in an initial beta test run for 500 clients. KPMG will select (randomly, we believe) approximately 500 Alpari UK clients, all with cash-only balances, to test the Claims Portal. Those 500 clients (who do not…
Read moreAlpari UK Special Administrator Samantha Bewick of KPMG speaks exclusively with LeapRate as to what work is being done behind the scenes.
Read moreIt has been more than three weeks since the events of January 15, 2015, which turned the forex trading world on its head resulting in the bankruptcy of some brokers, most prominently Alpari UK. Alpari UK remains in insolvency under administration of KPMG, which has spent most of the past three weeks attempting, unsuccessfully, to…
Read moreAlpari UK's Special Administrator, KPMG, has issued an update to (former) clients and creditors of the company. Interestingly, KPMG points out that in its initial review of trades at Alpari UK on the fateful day of Thursday January 15 (after the SNB's surprise move removing the EURCHF 1.20 floor) it has found some 'inconsistencies' in…
Read moreIt looks like the Special Administrator for the insolvent Alpari UK, the accounting firm KPMG, has itself quite organized in dealing with the situation. KPMG has already issued instruction letters to both (former) clients and creditors of Alpari UK, with instructions for each to follow. In its letters, KPMG indicates that it will issue specific…
Read moreThe Alpari UK saga is not yet over, with sources close to the company telling us that the sale of assets is in good progress.
Read more