Baker Tilly has confirmed today that it understands that this information has been reviewed by the case team at the FSCS and that the case has now been passed to the FSCS' legal team to decide which products (if any) that were offered by the company, are covered under the compensation scheme
Read moreAssociate of introducing broker GFET, Harmik Iranossian allegedly estimated a prospective customer's net worth at around $18,000 when, in reality, the prospective customer was insolvent
Read moreThe proposal by KPMG states that the most likely exit route will be dissolution, and proposes that the possible formation of a creditors committee should be discussed at the clients and creditors meeting on March 12. Meanwhile, the vacation of premises and sale of equipment is being documented by KPMG
Read moreToday's publication of a letter to clients of LQD Markets from Special Administrators Baker Tilly contains information relating to the procedure for creditors, including clients whose funds were held at LQD Markets
Read moreBaker Tilly has produced a publicly available document containing frequently asked questions and their respective answers relating to the insolvency of LQD Markets following the black swan event involving the removal of the 1.20 peg on EURCHF by the Swiss National Bank
Read moreAfter several painful months during which FOREX MMCIS attempted to resolve its financial difficulties, the firm has finally closed its doors, leaving behind a potential loss to several thousand clients
Read moreAs the whirlpool around troubled FX broker FOREX MMCIS gathers pace and the withdrawal maladies continue, Russia's top consumer affairs body has admitted it is helpless to take any measures against the company. LeapRate has been keeping you up to date with the latest developments around FOREX MMCIS, a troubled broker particularly active in Russia…
Read moreAiling retail FX firm FOREX-MMCIS has now canceled all withdrawals, signaling the end of the road, whilst shifting the responsibility to unrelated payment aggregator
Read moreSomewhat abruptly, Russian FX firm ForexInn has ceased its operations, with all of its websites down, and a message to customers displayed within its archive. What will become of client funds?
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