Exclusive: Alpari back in the EU, receives Latvia license LeapRate

October 27, 2017 BY LeapRate Staff

Exclusive: Alpari back in the EU, receives Latvia license

LeapRate Exclusive... LeapRate has learned that Russia based Retail FX broker Alpari has initiated its return to the EU market, receiving an investment brokerage license from Latvia's financial regulator FKTK. Alpari has established Latvian subsidiary Alpari Europe IBS AS, which will be part of the international financial brand Alpari. The FKTK license was received earlier…

August 03, 2017 BY LeapRate Staff

Exclusive: AFX Group hires FXCM and Alpari veteran Lisa Murphy as COO of its Quantic Prime unit

LeapRate Exclusive... LeapRate has learned that global investment services provider AFX Group has hired seasoned FX industry executive Lisa Murphy to be the COO of its soon-to-be-launched FX Prime brokerage unit, Quantic Prime. Lisa Murphy spent the past year as an operations consultant to a variety of Retail FX industry firms. She began her FX…

February 23, 2017 BY LeapRate Staff

Daniel Skowronski resigns as CEO of Retail Forex broker Oanda UK - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK, and in discussion with industry insiders, that Daniel Skowronski has resigned as CEO of the UK subsidiary of retail forex broker Oanda, Oanda Europe Limited. Mr. Skowronski had been CEO of FCA-regulated Oanda UK for the past three years, joining Oanda after serving in…

February 16, 2017 BY LeapRate Staff

Alpari UK final distributions held up by one Retail Forex client appeal

It has been more than two years since the bankruptcy of FCA regulated retail forex and CFD broker Alpari UK. However, it will be a few more months until some Alpari UK clients get at least some of their money back. Alpari UK special administrator KPMG has issued a progress report on the return of…

December 20, 2016 BY admin

KPMG adjudicates all claims in Alpari UK client money pool, large client creditor appeal remains

Alpari UK special administrator KPMG issued an announcement today stating that following the Joint Special Administrators obtaining an order from the Court to approve the mechanics of closing the client money pool, it has adjudicated all claims, and sent notices of full or partial rejection where KPMG considers it appropriate. Worth noting is one very…

October 07, 2016 BY LeapRate Staff

UK court approves KPMG request to distribute final Alpari UK client money

Alpari UK special administrator KPMG has announced that the English High Court has approved its request to wind up the Alpari UK Client Money Pool, and distribute the rest of the Alpari UK client money it is now holding. As was exclusively reported on LeapRate in late September, a quirk in UK bankruptcy law was preventing…

September 20, 2016 BY LeapRate Staff

UK bankruptcy law flaw preventing Alpari UK administrator KPMG from distributing more funds - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that Alpari UK bankruptcy administrator KPMG is unable to make final distributions to former clients of the failed retail forex broker without further court consent, due to a gap in UK bankruptcy rules. FCA-regulated Alpari UK went belly up immediately following the surprise Swiss Franc spike of January 15, 2015 -…

August 17, 2016 BY LeapRate Staff

Alpari UK bankruptcy update: 79 cents on the dollar to be refunded as KPMG fees top £10 million

It has been more than 19 months since the bankruptcy of FCA-regulated retail forex broker Alpari UK, and things aren't totally unwound quite yet. Special Administrator KPMG has issued a further update on its work on the Alpari UK case. Alpari UK entered bankruptcy proceedings following heavy losses the company took on the Swiss Franc…

February 15, 2016 BY Maria Nikolova

KPMG fees charged to Alpari UK administration top $15M, as $48M has been returned to clients

It has been more than a year since the courts appointed KPMG as the joint special administrators over bankrupt Alpari UK, and the saga is far from over for ex Alpari UK clients. On the 13 month anniversary of the January 15, 2015 Swiss Franc spike which started the story, KPMG has issued its Second Progress Report…

January 20, 2016 BY Maria Nikolova

UK FSCS says there is prospect of unforeseen investment firm failures

The events from January 15, 2015 keep plaguing the investment landscape, including actions and forecasts of regulatory bodies. The latest example in this respect is provided by the Financial Services Compensation Scheme (FSCS), the UK’s statutory compensation scheme for customers of authorised financial services firms. The failure of several investment firms last year, following “Black…

Tag: Alpari UK