Before we get to our review of this past week's top Forex Industry News stories, we'd once again like to thank our readers for helping LeapRate extend our lead over our competitors, as the most-read Forex Industry news website. With May data now out at leading website visitor tracking services, we're once again pleased to…
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It took only 869 days. Nearly 29 months after the fateful Swiss Franc spike of January 15, 2015, Special administrator KPMG has announced that on Friday, June 2 they sent out notices to former Alpari UK clients, indicating that final distributions to account holders at the now-bankrupt Retail Forex broker have been made. The last…
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We continued to bring LeapRate readers exclusive coverage and analysis of the continuing drama surrounding FXCM Inc (NASDAQ:FXCM) in this week's Forex Industry News, as the company continues to deal with the aftershocks of its ban from the US forex market. Data on FXCM's US operations, another regulatory fine, changes at the FXCM UK board, competitors…
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It has been more than two years since the bankruptcy of FCA regulated retail forex and CFD broker Alpari UK. However, it will be a few more months until some Alpari UK clients get at least some of their money back. Alpari UK special administrator KPMG has issued a progress report on the return of…
Read moreAlpari 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…
Read moreLeapRate's Forex Industry News was headlined this week by our exclusive report on how a flaw in UK bankruptcy law is effectively preventing Alpari UK special administrator KPMG from paying back former clients of the bankrupt broker - more than 20 months after Alpari UK entered administration. Our report on the matter has gone viral…
Read moreLeapRate 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 -…
Read moreIt was a wild week in the world of Forex Industry News, with stories hitting from all corners of the globe. Regulator bans. Corporate results. Fraud. Fines. Executive moves. Even frequent flyer miles. This week had it all. And most of it appeared first or exclusively on LeapRate! Our most popular guest post this week - and one…
Read moreIt has been more than 19 months since the bankruptcy of FCA-regulated retail forex broker Alpari UK, and things aren't totally unwound quite yet. Special Administrator KPMG has issued a further update on its work on the Alpari UK case. Alpari UK entered bankruptcy proceedings following heavy losses the company took on the Swiss Franc…
Read moreSpecial Administrator KPMG has issued a further update on the bankruptcy of retail forex broker Alpari UK, showing what it calls the Illustrative Financial Outcome for Alpari UK clients. Note that it has been more than 14 months since Alpari UK entered bankruptcy proceedings, following heavy losses the company took on the Swiss Franc spike of January…
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