Liquid Markets’ administrators agree 546 clients’ claims, worth $4.34 million LeapRate

February 29, 2016 BY Maria Nikolova

Liquid Markets' administrators agree 546 clients' claims, worth $4.34 million

The administrators of LQD Markets UK (Liquid Markets), which stopped operations following the January 15, 2015 events, today published a report regarding the recent progress of their work. RSM Restructuring Advisory, previously known as Baker Tilly, say that they have agreed compensation claims with 546 former clients of the broker. The claims are worth a total…

August 28, 2015 BY Maria Nikolova

Progress report on LQD Markets' insolvency confirms client money deficit of $2.84M

There 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.

April 22, 2015 BY Maria Nikolova

Creditors of LQD Markets finally approve Special Administrators' proposals

The 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.

April 16, 2015 BY Maria Nikolova

LQD Markets' administration hits the curb, creditors vote against Baker Tilly's proposals

The process of special administration of now-defunct UK Forex broker LQD Markets has encountered a somewhat unexpected hurdle, thus raising the chances that former clients of the company could face further delays in getting their money back. The initial meeting of clients and creditors, held on April 10, 2015, saw creditors overwhelmingly reject the proposals…

April 01, 2015 BY Maria Nikolova

LQD Markets' administrators provide details on upcoming meeting of clients and creditors

Baker 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…

March 24, 2015 BY Maria Nikolova

KPMG warns about fraudulent Alpari UK China Support Team

Fraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK. The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari's Chinese business are…

February 12, 2015 BY Maria Nikolova

Alpari websites undergo changes as new trademark owner takes control

(Former) clients of Alpari UK, the troubled retail Forex broker, have signaled to LeapRate that the website of the UK company – alpari.co.uk, as well as the websites of its subsidiaries, now redirects to the English version of the website of Alpari Russia. Indeed, visitors of alpari.co.uk and alpari.com are currently redirected to alpari-forex.com. To…

February 09, 2015 BY Maria Nikolova

Alpari UK Administrators KPMG provide update on insolvency proceedings

Earlier today KPMG, the company that provides the special administration services to troubled FX broker Alpari UK, issued an update on how the insolvency procedures are developing. The administrators confirm the sale of intellectual property assets (including the Alpari trademarks) to Andrey Dashin, a deal that is set to release funds sufficient to recover some…

February 03, 2015 BY Maria Nikolova

FCA reports some client funds missing in Liquid Markets bankruptcy

The 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…

Tag: special administration