The organisation says it continues to pay compensation to former clients of insolvent Alpari UK that fell victim to “Black Thursday” events.
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 moreThe Financial Services Compensation Scheme (FSCS), the body responsible for tackling compensation claims of clients of insolvent UK financial companies, has earlier today published a small update to former clients of Alpari (UK) Limited. The main goal of the update is to reassure clients of the ill-fated retail Forex broker that the FSCS continues to…
Read moreKPMG has notified that CCI Legal is formally authorized to act on behalf of the Company and the Joint Special Administrators to assist in the recovery of debts due from clients with negative balances.
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…
Read moreHow much did Alpari UK lose on 'Black Thursday'? How big is Alpari Japan? What is administrator KPMG looking for? All that and more is inside.
Read moreThe Russia arm of the Alpari Group, which emerged unscathed from Swiss Franc Black Thursday, has continued a PR and marketing campaign to help distance itself from the fate of Alpari UK, which has entered insolvency. We had earlier reported that Alpari RU announced a zero minimum deposit requirement on all trading accounts. Now Alpari…
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