Tag: Alpari UK

Alpari Latvia license
October 27, 2017 BY LeapRate Staff

Exclusive: Alpari back in the EU, receives Latvia license

LeapRate Exclusive... LeapRate has learned that Russia based Retail FX broker Alpari has initiated its return to the EU market, receiving an investment brokerage license from Latvia's financial regulator FKTK. Alpari has established Latvian subsidiary Alpari Europe IBS AS, which will be part of the international financial brand Alpari. The FKTK license was received earlier…

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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 -…

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January 20, 2016 BY Maria Nikolova

UK FSCS says there is prospect of unforeseen investment firm failures

The 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…

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