Receivers from KordaMentha say Arena Capital/BlackfortFX is clearly insolvent and should be liquidated, in order for them to proceed with distribution of client funds.
Read moreThe latest update by administrators from Baker Tilly says that the FSCS have not yet made up its mind on whether all products offered by the broker are covered by the compensation scheme.
Read moreA long awaited announcement by the UK regulators is out. Clients of Alpari UK can finally apply for compensation from the FSCS, with the first payments due in May 2015.
Read moreEarlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…
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