It looks like the Special Administrator for the insolvent Alpari UK, the accounting firm KPMG, has itself quite organized in dealing with the situation. KPMG has already issued instruction letters to both (former) clients and creditors of Alpari UK, with instructions for each to follow. In its letters, KPMG indicates that it will issue specific…
Read moreAmong common questions are matters relating to client funds, to which KPMG has stated that client money held in segregated accounts, and that where there are sufficient funds to repay all eligible clients in full, these funds will be returned to clients
Read moreThe Alpari UK saga is not yet over, with sources close to the company telling us that the sale of assets is in good progress.
Read moreAlpari UK has issued a formal statement on its insolvency and entering administration by KPMG. As we posted earlier, Alpari UK applied for insolvency and entered administration after a frantic weekend search for an outside financial lifeline or acquirer of the company, which the company was unable to conclude - at least in time to…
Read moreKPMG LLP has been appointed administrators of Alpari UK. Company will return $99 million of client money, as no buyers or lifeline providers emerged.
Read moreFSA unable to sell WorldSpreads, will return cash to clients.
Read moreFSA and KPMG have teams in on the weekend.
Read moreETX to acquire WorldSpreads' Greek, Spanish and Danish businesses.
Read moreNot much resolved at WorldSpreads creditors meeting.
Read moreSpecial Administrator KPMG has eaten up nearly 10% of all cash available in fees.
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