Cyprus financial regulator CySEC has just announced that it has fined LQD Markets €50.000. The full note issued by CySEC on the matter reads as follows: 04 September 2018 CYSEC Board Decision Announcement date: 04.09.2018; Board decision date: 02.07.2018 Regarding: LQD Markets Ltd Legislation: The Investment Services and Activities and Regulated Markets Law Subject: Fine…
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Special administrator RSM Restructuring Advisory LLP (formerly known as Baker Tilly Restructuring and Recovery LLP) has filed an update on its work on the bankruptcy of retail forex broker LQD Markets. LQD Markets went belly-up in the wake of the January 2015 Swiss Franc spike – meaning that some former clients are still waiting for their…
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Special administrator RSM Restructuring Advisory LLP has filed an update on its work on the bankruptcy of retail forex broker LQD Markets. LQD Markets went belly-up in the wake of the January 2015 Swiss Franc spike - meaning that some former clients are still waiting for their money back, more than two years on. According…
Read moreThere is no happy piece of news for ex-clients of New Zealand Forex broker LQD Markets Limited, which was placed into liquidation shortly after Liquid Markets UK halted its operations following the steep Swiss franc spike on January 15, 2015. The joint liquidators of the New Zealand broker have just published their six-month report – for…
Read moreThe 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…
Read moreThere is a continued investigation into how the deficit of $2.84 million has arisen and how the assets of Liquid Markets' business in Cyprus were transferred to the UK business.
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 moreBaker 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 moreA look back at some of 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 news throughout the week, sign up to our Forex Industry Newsletter on the right… → 1. eToro | https://www.leaprate.com/6YO9T 2. FXCM institutional | https://www.leaprate.com/ZAwaN…
Read moreThe second meeting of the creditors of the embattled UK Forex broker brought a piece of relief, as the proposals for dissolution of the company were backed by majority of the voters.
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