.... and small clients with balances of less than $400 will NOT be receiving anything at the initial stage, but will be required to wait.
Read moreKPMG's fees, plus legal and other expenses incurred since January 15, will eat up more than 10% of Alpari UK client funds.
Read moreKPMG has announced a client money distribution of 51c in the dollar for Alpari UK clients, as well as having confirmed the value of CHF trades which were open on January 15 when Alpari became insolvent. The total amount of client funds recovered to date amounts to $98,653,088
Read moreKPMG 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 moreThe vast majority of Alpari UK clients have not yet logged on to the Claims Portal, nor agreed their balances. But those who have seem to favor assigning their claim to the FSCS.
Read moreLeapRate 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 moreLeapRate Exclusive... We continue to follow the saga of Alpari UK, which remains in administration by KPMG with funds of former Alpari UK clients (although apparently safe and accounted for) still not yet returned to their rightful owners more than one month after Alpari UK entered insolvency. Last week, we reported that Alpari UK's intellectual property…
Read moreAlpari UK Special Administrator Samantha Bewick of KPMG speaks exclusively with LeapRate as to what work is being done behind the scenes.
Read moreLeapRate Exclusive... LeapRate has learned that the M&A discussions revolving around Alpari UK and the possibility of selling the firm intact have evaporated in the past 24 hours, with the last potential buyers deciding to walk away. As we reported earlier in our exclusive unveiling of the Confidential Information Memorandum put out by Special Administrator…
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…
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