UK court approves KPMG request to distribute final Alpari UK client money LeapRate

UK court approves KPMG request to distribute final Alpari UK client money

Alpari UK special administrator KPMG has announced that the English High Court has approved its request to wind up the Alpari UK Client Money Pool, and distribute the rest of the Alpari UK client money it is now holding. As was exclusively reported on LeapRate in late September, a quirk in UK bankruptcy law was preventing…

September 20, 2016 BY LeapRate Staff

UK bankruptcy law flaw preventing Alpari UK administrator KPMG from distributing more funds - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that Alpari UK bankruptcy administrator KPMG is unable to make final distributions to former clients of the failed retail forex broker without further court consent, due to a gap in UK bankruptcy rules. FCA-regulated Alpari UK went belly up immediately following the surprise Swiss Franc spike of January 15, 2015 -…

Tag: UK bankruptcy law

UK court approves KPMG request to distribute final Alpari UK client money

UK bankruptcy law flaw preventing Alpari UK administrator KPMG from distributing more funds - LeapRate Exclusive

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