KPMG appoints Beeston Shenton for legal action in debts recovery from ex-Alpari UK clients LeapRate

April 20, 2016 BY Maria Nikolova

KPMG appoints Beeston Shenton for legal action in debts recovery from ex-Alpari UK clients

KPMG, which is responsible for the special administration of Alpari (UK) Limited, has provided a notice today, concerning ex-clients of the broker who have negative balances. The Joint Special Administrators have appointed Beeston Shenton Solicitors Limited with regard to legal action in debts recovery from clients with negative balances. Beeston Shenton is formally authorised and…

April 21, 2015 BY Andrew Saks-McLeod

FXCM issues 569,344 at-the-money options as part of negative balance settlement

FXCM has issued an immediately exercisable option agreement which expires two years from the date of issuance as part of negative equity balance settlement with a customer

April 14, 2015 BY Andrew Saks-McLeod

Saxo Bank sells 2.5% stake to CarVal valuing the company at €1.25B, raising €77.5M

Saxo Bank has sold a 2.5% interest in the company to US-based CarVal Investors, a $10 billion money management firm which usually specializes in distressed debt and credit-intensive assets

March 18, 2015 BY Andrew Saks-McLeod

KPMG appoints UK debt collector CCI Legal to go after Alpari UK negative client balances

KPMG has notified that CCI Legal is formally authorized to act on behalf of the Company and the Joint Special Administrators to assist in the recovery of debts due from clients with negative balances.

February 06, 2015 BY Maria Nikolova

FXCM Asia to make traders fully responsible for account balances

FXCM Asia Limited, the Hong Kong-based subsidiary of FXCM Holdings LLC, has sent its clients emails, informing them of changes to their client agreements. The changes concern the sensitive issue of negative account balance protection: according to the revision, clients of the Forex broker will be made fully responsible for any debit balances on their…

January 30, 2015 BY Maria Nikolova

KPMG confirms: Alpari UK's clients have to repay negative balances

The administrators from KPMG, who have been in charge of Alpari UK after the FX broker filed for insolvency less than two weeks ago, today issued a rather disappointing update for the clients of troubled company. In the announcement, dated January 30, 2015, the administrators say they are still in the process of analysing the…

Tag: negative balances