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 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 moreWithdrawals from LQD Markets are still frozen, and Baker Tilly further states that it is likely that there will be a deficit in client funds, and that the reconciliation process that is currently being carried out will identify in due course the full extent of such a deficit
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
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