There 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 investment products offered by Liquid Markets UK (LQD Markets UK) are covered by the Financial Services Compensation Scheme (FSCS).
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 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.
Read moreBaker Tilly, the administrators of ill-fated retail Forex broker LQD Markets (UK) Limited, which halted its operations on January 27, 2015, as a result of the Swiss franc spike, today published an update regarding the administration process. The update consists of a FAQ document, with the bigger part of the information related to the upcoming Meeting…
Read moreA look back at 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 articles sign up to our Daily Forex Industry Newsletter on the right. → Forex Weekly Look Back: Week of February 2nd FXDD | https://www.leaprate.com/yQMZK AxiTrader CEO…
Read moreThe Financial Conduct Authority (FCA), the UK watchdog responsible for the supervision of investment companies, earlier today issued its official stance on the situation at Liquid Markets, the broker that stopped operations in the aftermath of Black Thursday. While the bulk of the information that the regulator provides in this FAQ-like announcement may seem trivial…
Read moreLiquid Markets, the UK Forex broker that was forced to halt operations in the aftermath of the events on “Black Thursday”, has just announced the appointment of special administrators from Baker Tilly Restructuring and Recovery LLP. Matthew Haw, Graham Bushby and Matthew Wild will act as Joint Special Administrators of the Forex broker under an order…
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