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  • #3,321
  • Jan 30, 2015 6:34am Jan 30, 2015 6:34am
Quoting nAVIN2007
{quote} {quote} If u are trading for yourself = no worry..I think we going to get through this..I hope this was useful
Thanks for the update!
  • #3,322
  • Jan 30, 2015 6:39am Jan 30, 2015 6:39am
Quoting neoxis
{quote} So how can we make this claim??? through their phone line??? not by email??

phone 0207741 4100 and tell them u want to put in a claim u don not want to wait ..
  • #3,323
  • Jan 30, 2015 6:39am Jan 30, 2015 6:39am
Quoting ewinner
{quote} Thanks for the update!
welcome
  • #3,324
  • Jan 30, 2015 6:41am Jan 30, 2015 6:41am
Quoting neoxis
My friend has 50k in segregated fund...he wents there the past week in london to kpmg office for let them sign a paper than he tooks from his lawyer which say if they hold for more time his funds he gonna apply a % of interest if they don't let him to withdraw his money. So next week he will goes again in london he has an appointment with kpmg and then they give him the whole entire amount to his bank account. He said to me if you don't take lawyer and don't go there...they don't move their a**.

LOL. I have 20k in segregated accounts. I went yesterday in London, at Kpmg office, with 5 lawyers, 3 dogs and 5 beautiful woman.
Kpmg was scared. In 3 seconds, they gave me 100k, with apologies.
After I counted the money, they was 105K, I think Kpmg they gave me a tip of 5k. Yep. That's the story.
  • #3,325
  • Jan 30, 2015 6:42am Jan 30, 2015 6:42am
Quoting nAVIN2007
{quote} phone 0207741 4100 and tell them u want to put in a claim u don not want to wait ..
thanks and after that? what will happen?
myfxbook: neoxis
  • #3,326
  • Jan 30, 2015 6:44am Jan 30, 2015 6:44am
Quoting Tim_isoara
{quote} LOL. I have 20k in segregated accounts. I went yesterday in London, at Kpmg office, with 5 lawyers, 3 dogs and 5 beautiful woman. Kpmg was scared. In 3 seconds, they gave me 100k, with apologies. After I counted the money, they was 105K, I think Kpmg they gave me a tip of 5k. Yep. That's the story.
lol, you should have been a comedian
  • #3,327
  • Jan 30, 2015 6:45am Jan 30, 2015 6:45am
Quoting neoxis
{quote} thanks and after that? what will happen?
Please read what I wrote previously, feel free to call FSCS but at this stage can't make a claim, just be patient,but call and talk to them as well, you will have the same answer I got
  • #3,328
  • Jan 30, 2015 6:48am Jan 30, 2015 6:48am
Quoting magicpips
Hi guys In terms of claiming your money from FSCS is not an option at this stage, the reason being, I have already a long chat with FSCS and basically they said that Alpari must declare themselves default and than FSCS can take over and we can make the claim, also I asked the very obvious question, if Alpari declares default when can get our money back and FSCS answer was minimum 6 MONTHS,so at this stage we are all stuck,just waiting and waiting and I am praying that ALPARI does not declare DEFAULT,soo f..ed

that make sense despite the women at kpmg saying different..when i spoke to the claims department this morning, she did mention, they only get involved as a last resort..however there is nothing stopping u from asking for the claim form

once u get it ..just fill it in..
for me waiting, I think may prove to be useful because surely we will get some kind of consolation?
  • #3,329
  • Jan 30, 2015 6:51am Jan 30, 2015 6:51am
Quoting nAVIN2007
{quote} that make sense despite the women at kpmg saying different..when i spoke to the claims department this morning, she did mention, they only get involved as a last resort..however there is nothing stopping u from asking, for the claim form once u get it ..just fill it in.. for me waiting i think, may prove to be useful because surely we will get some kind of consolation?
I totally agree what u r saying mate, I do want to make a claim as well but I don't want to mess it up anything if KPMG might come up and say next week ,here u go guys we will send the money back to u in 2-3 weeks time
  • #3,330
  • Jan 30, 2015 6:51am Jan 30, 2015 6:51am
Quoting neoxis
{quote} thanks and after that? what will happen?
no idea
  • #3,331
  • Jan 30, 2015 6:52am Jan 30, 2015 6:52am
Quoting nAVIN2007
{quote} that make sense despite the women at kpmg saying different..when i spoke to the claims department this morning, she did mention, they only get involved as a last resort..however there is nothing stopping u from asking, for the claim form once u get it ..just fill it in.. for me waiting i think, may prove to be useful because surely we will get some kind of consolation?
So you decided to wait until kpmg end this process? for be more clear so i can put a claim just with FSCS? Not properly with kpmg right? Anyway now for as i know is not possible request a claim from FSCS until will not be the default society right? So for now is no possible make a claim to kpmg right?
myfxbook: neoxis
  • #3,332
  • Jan 30, 2015 6:53am Jan 30, 2015 6:53am
Quoting magicpips
{quote} I totally agree what u r saying mate, I do want to make a claim as well but I don't want to mess it up anything if KPMG might come up and say next week ,here u go guys we will send the money back to u in 2-3 weeks time
my nuts are crossed for us all
  • #3,333
  • Jan 30, 2015 6:56am Jan 30, 2015 6:56am
Quoting neoxis
{quote} So you decided to wait until kpmg end this process? for be more clear so i can put a claim just with FSCS? Not properly with kpmg right? Anyway now for as i know is not possible request a claim from FSCS until will not be the default society right? So for now is no possible make a claim to kpmg right?

no the claim must be from the regulator claims compensation department..0207 741 4100
they are different from KPMG..
  • #3,334
  • Jan 30, 2015 6:57am Jan 30, 2015 6:57am
Quoting nAVIN2007
{quote} thinking the same thing..cant leave money with a broker..its not secure
I suspect you will have to leave more in your account in future as there is a very real possiblity of reduced leverages going forwards from now.

This will of course force more risk onto the end users (us) and reduce the risk to the liquidity providers.

worth bearing in mind

BBCMicro
  • #3,335
  • Jan 30, 2015 6:58am Jan 30, 2015 6:58am
Quoting nAVIN2007
{quote} no the claim must be from the regulator claims compensation department..0207 741 4100 they are different from KPMG..
Ok but for now is still not possible the society has not declaired the default.
And anyway if you put a claim with FSCS you gonna be against KPMG i don't think for now is a good way...is better wait some kpmg update before to do something like that.
myfxbook: neoxis
  • #3,336
  • Jan 30, 2015 7:01am Jan 30, 2015 7:01am
Quoting neoxis
{quote} Ok but for now is still not possible the society has not declaired the default. And anyway if you put a claim with FSCS you gonna be against KPMG i don't think for now is a good way...is better wait some kpmg update before to do something like that.
that is true..and they obviously trying to sell alpari..which i think is very likely ..far more likely than u trying to get your money back first
  • #3,337
  • Edited 7:14am Jan 30, 2015 7:03am | Edited 7:14am
FSCS exists to compensate losses. Its all set out clearly on their site http://www.fscs.org.uk/what-we-cover...t-investments/

Until KPMG have finished their work, nobody knows what the losses are (or if losses even exist at all).

KPMG also have clearly stated obligations under law, so they cannot rush the process. https://www.insolvency-kpmg.co.uk/Vi...8-a2e58f537bf4
  • #3,338
  • Jan 30, 2015 7:04am Jan 30, 2015 7:04am
Quoting BBCMicro
{quote} I suspect you will have to leave more in your account in future as there is a very real possiblity of reduced leverages going forwards from now. This will of course force more risk onto the end users (us) and reduce the risk to the liquidity providers. worth bearing in mind BBCMicro
very true..
  • #3,339
  • Jan 30, 2015 7:10am Jan 30, 2015 7:10am
There's an updated FAQ on KPMG website as of today 30th Jan

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
  • #3,340
  • Jan 30, 2015 7:12am Jan 30, 2015 7:12am
f..ing hell, this sound bad guys or am I reading it wrong , someone please tell me ?
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