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  • #3,961
  • Feb 9, 2015 4:18am Feb 9, 2015 4:18am
NEWS

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
  • #3,962
  • Feb 9, 2015 4:33am Feb 9, 2015 4:33am
guys kpmg just updated their alpari insolvency page.

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html
  • #3,963
  • Feb 9, 2015 4:43am Feb 9, 2015 4:43am
this is a load of rubbish honestly..they are simply telling us nothing we dont already know..infact..there making it obvious we havent even put in a claim..

why cant they simply payout what our statement say is due

next they will provide a statement with a payout which is going to be significanty less than we expect..and say this what we can give now or u can refuse and claim from FCA but it may take upto 1 year..this just one big blow..i have lot faith in the system and want my money ..perhaps this just isnt worth the pain..trading is tough enough, even as it is
People that need there money urgently will take a hit and they are providing the cause for people to simply say fuck it, i will take my cash despite there being a reduction, because waiting for FCA is like waiting for a fucking cow to reach space, aint happening.
The regulator is f*&ckin useless
  • #3,964
  • Feb 9, 2015 5:02am Feb 9, 2015 5:02am
Quoting nAVIN2007
this is a load of rubbish honestly..they are simply telling us nothing we dont already know..infact..there making it obvious we havent even put in a claim.. why cant they simply payout what our statement say is due next they will provide a statement with a payout which is going to be significanty less than we expect..and say this what we can give now or u can refuse and claim from FCA but it may take upto 1 year..this just one big blow..i have lot faith in the system and want my money ..perhaps this just isnt worth the pain..trading is tough enough,...
There are still 2 options. Sell us to best offer...and anyway money are under their control and cannot used for pay creditors. If money are all there...we should not have any problem on ours statement...if didn't made any problematic trade on 15 and 16 jan ad they said.
Anyway...i just don't like this blackmail...or you accept our statement and shut up and take this money or you can just make a claim to FCA and wait maybe 1 year for take (90%?? back without know any amount). Was better if they said we give back what we see in your statement and if some part still missing you can request these to FSCS. But like this is o r you accept us or you accept FCA not both. This gonna be really dramatic for who not has a clean statement.

So first of all before this thing...we just can hope we are sold to someone for resume ours funds in total.
myfxbook: neoxis
  • #3,965
  • Feb 9, 2015 5:05am Feb 9, 2015 5:05am
Quoting nAVIN2007
this is a load of rubbish honestly..they are simply telling us nothing we dont already know..infact..there making it obvious we havent even put in a claim.. why cant they simply payout what our statement say is due next they will provide a statement with a payout which is going to be significanty less than we expect..and say this what we can give now or u can refuse and claim from FCA but it may take upto 1 year..this just one big blow..i have lot faith in the system and want my money ..perhaps this just isnt worth the pain..trading is tough enough,...
The regulator cant do much dude,we have no idea about how many people went
bankrupt because of the chf trades and they are surely complaining big time
about how poorly their trades were executed.Hence agreeing on prices is a tough
task as they will have to prove to the fca that these are valid.Lawyers are or will
surely get involved challenging the kpmg validation.This is a big mess.The point
is can fca avoid such a mess in the first place?Don't think so apart from maybe
putting in some process wherein people who did not trade on these days can
get their money back quickly.
  • #3,966
  • Feb 9, 2015 5:11am Feb 9, 2015 5:11am
This is new in the FAQ

Q: Why do I have to wait until the proposals in March before anything happens? A: As previously communicated, the Joint Special Administrators are required by statute to send proposals to all known clients and creditors of the Company within eight weeks of their appointment, being before 16 March 2015. Please note: the proposals do not prevent the Joint Special Administrators from returning client money in the meantime. As indicated in the 9th February 2015 update, the Joint Special Administrators are working to ensure that clients’ balances are agreed and funds returned as soon as possible.

So it looks like we are gonna have to wait till 16th March 2015... bummer..
  • #3,967
  • Feb 9, 2015 5:53am Feb 9, 2015 5:53am
Quoting papamax
{quote} I disagree! You can be a Retail client with a Alpari Pro MT4 account. The requirements weren't that difficult to meet anyways. Below you can see 2 cashed version of the Alpari Pro MT4 account agreement, if you scroll to term 6 "Customer Money", you will find what you need: http://web.archive.org/web/201310210...nt_mt4_pro.pdf http://webcache.googleusercontent.co...&ct=clnk&gl=uk...
Great. Backup
  • #3,968
  • Feb 9, 2015 5:57am Feb 9, 2015 5:57am
Quoting shail31
{quote} The regulator cant do much dude,we have no idea about how many people went bankrupt because of the chf trades and they are surely complaining big time about how poorly their trades were executed.Hence agreeing on prices is a tough task as they will have to prove to the fca that these are valid.Lawyers are or will surely get involved challenging the kpmg validation.This is a big mess.The point is can fca avoid such a mess in the first place?Don't think so apart from maybe putting in some process wherein people who did not trade on these days...

well we have learnt one thing the regulator is regulating the businesses..but not looking out for the clients at all..if u think alpari clients will get bought and this offers stability..think again..somewhere down the line this will happen..the rules for brokers is changing as we speak
I agree regulator isnt in a position to do anything now but it did a piss poor job prior to alpari going down because it didnt even ensure there was adquate risk management..so i ask what protection do they actually offer..infact to some extent they are actually accountable hence the reason we have insurance

and if u phone them they arent even aware of what going on..
  • #3,969
  • Feb 9, 2015 6:08am Feb 9, 2015 6:08am
@nAVIN2007 Im beginning to think they let it go down on purpose...!
  • #3,970
  • Feb 9, 2015 6:38am Feb 9, 2015 6:38am
I think there is nothing more to say in here...just wait some news from journals if there is a sale or wait some news from kpmg...tired to talk. They said we will have another update about statement situation within 20 feb. So we can just wait...Hoping journals gonna say something more.
myfxbook: neoxis
  • #3,971
  • Feb 9, 2015 6:47am Feb 9, 2015 6:47am
Quoting missluna1982
hello, we (me the admin of the alpari clients facebook page and someone else from there) are going to get legal advice in central London on our (all ex clients with a positive balance) situation. For this to be most effective i would like to ask a) if anyone else wants to come along b) right now we are considering going to these guys but any other suggestions welcome: http://antonybatty.com/ c) if you can post or message me any questions that you have, i also sent an email to the fca and the financial ombudsman today so can involve them...
Thanks
  • #3,972
  • Feb 9, 2015 6:48am Feb 9, 2015 6:48am
If you're not happy with the way the administrator (KPMG) is completely ignoring you, dragging matters out and driving you into bankruptcy while they work out convoluted ways of stealing your money, then file a formal Insolvency Practitioner Complaint via the Government Insolvency Service via this link
https://www.insolvencydirect.bis.gov...Complaint.aspx
Seriously, what harm can it do ?
  • #3,973
  • Feb 9, 2015 6:50am Feb 9, 2015 6:50am
Check this guys

http://forexmagnates.com/kpmg-update...-some-numbers/
  • #3,974
  • Feb 9, 2015 6:52am Feb 9, 2015 6:52am
Quoting WayToGo
Check this guys http://forexmagnates.com/kpmg-update...-some-numbers/
  • #3,975
  • Feb 9, 2015 7:14am Feb 9, 2015 7:14am
Anyone have experienced such kind of broker going down? When will the so-called "online Claims Portal" appear after the incident happening?
  • #3,976
  • Feb 9, 2015 7:41am Feb 9, 2015 7:41am
http://leaprate.com/2015/02/alpari-u...y-proceedings/

Just an update reguarding news of today already knew from kpmg site.
myfxbook: neoxis
  • #3,977
  • Feb 9, 2015 7:49am Feb 9, 2015 7:49am
So KPMG have their hands on £43 million of our cash with another £22 million to come - transferred directly into accounts controlled by KPMG. Not bad. I trust they are calculating and crediting the daily interest due to us retail clients ?
  • #3,978
  • Feb 9, 2015 8:06am Feb 9, 2015 8:06am
Quoting circochas
So KPMG have their hands on £43 million of our cash with another £22 million to come - transferred directly into accounts controlled by KPMG. Not bad. I trust they are calculating and crediting the daily interest due to us retail clients ?
I think you may find they calculate their fee first. Nobody asked how much the Russian paid. Any guesses who will buy the client bank for next to nothing?? Only two winners here KPMG and the Russians.
  • #3,979
  • Feb 9, 2015 8:24am Feb 9, 2015 8:24am
japanese are still withdrawing without any problem...

お客様各位

お客様よりご依頼いただいておりますご出金の進捗状況につきまして、以下の通りご報告させていただきます。

平成27年2月9日17時時点におきまして、
2月6日16時50分頃までにご依頼をいただいたお客様の送金が完了しております。
※同時刻に多数のご依頼をいただいているため、ご対応が完了していない場合がございますことをご了承ください。

ご返金が完了していないお客様につきましては、お時間を要しご心配およびご迷惑をお掛けしておりことを
お詫び申し上げます。少しでも早くお客様のお手元にご資産をご返金できるよう対応してまいります。

There is wrote payment requested before 9 feb are completed.
myfxbook: neoxis
  • #3,980
  • Feb 9, 2015 8:59am Feb 9, 2015 8:59am
Quoting neoxis
japanese are still withdrawing without any problem... お客様各位 お客様よりご依頼いただいておりますご出金の進捗状況につきまして、以下の通りご報告させていただきます。 平成27年2月9日17時時点におきまして、...
If they can withdraw, why can't we.

I'm surprised that the business of the clients is not first priority.

Complete business duties then see to the creditors

edit, I'm reasonably happy that things are progressing from the kpmg report
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