and small clients with balances of less than $400 will NOT be receiving anything at the initial stage, but will be required to wait. We’re (finally) getting closer. Alpari UK special administrator KPMG has announced that it intends to make initial distributions to former clients of the insolvent broker soon after May 31. Still, more than a month away. Clients which want to be part of this first distribution need to agree their balances on KPMG’s Client Portal by May 31. KPMG indicated that at this time they expect that initial payouts to clients will be in the 51% range – i.e. 51 cents on the dollar for each dollar ... (full story)