Bank of Russia cancels qualification certificates of notorious Kim Karapetyan LeapRate

February 02, 2016 BY Maria Nikolova

Bank of Russia cancels qualification certificates of notorious Kim Karapetyan

The Bank of Russia finally made a move to cancel the qualification certificates of Kim Karapetyan, the notorious chief executive of BlackField Capital, once an algo trading company based in Moscow. The Russian “Megaregulator” announced today that Mr Karapetyan is no longer qualified as “a financial market specialist in broker, dealer and securities management activities”. The…

April 09, 2015 BY Maria Nikolova

Finally! Bankrupt company Blackfield Capital has its license cancelled

The company is bankrupt, the CEO is gone, look for him in the US... Do you remember these words? This was the direct message the management of Blackfield Capital, a Moscow-based algorithmic trading company, issued to clients of the company in October 2014, as it became clear that the money has disappeared together with the company's…

January 11, 2015 BY Mike Fox

Forex Weekly Look Back: Japanese forex volumes hotter than ever, Russia and China increase FX oversight

A look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate articles... sign up to our Daily Forex Industry Newsletter on the right. → Business is starting to normalize after the holidays and the first week of…

January 05, 2015 BY Andrew Saks-McLeod

Blackfield Capital CEO led life of luxury and had US expansion plans before disappearing with firm's assets

In October 2014, LeapRate broke the news that Blackfield Capital, one of Russia's most promient hedge funds and algorithmic trading firms had gone bankrupt after attracting investment from high net worth investors and establishing entities on the Cayman Islands, with its CEO, Kim Karapetyan, untraceable. At the time, the firm's website displayed a very direct…

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