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Alpari.co.uk Discussion

  • #4,141
  • Feb 13, 2015 3:36am Feb 13, 2015 3:36am
Quoting Tim_isoara
{quote} Yes.After clearing, in 15.01.2015, Alpari has not fulfilled the conditions, imposed by the FCA, for minimum cash flow. But, no missing money from segregated accounts.
So if is like you said...why they continue to talk about this kind of PRO-RATA? for example if we decide to pay to everyone 50cent on 1 £ that's mean 50% and make an example below said who has 100$ will take 50 , who has 4000 will take 2000.

This mean even positive balance will be in a pro-rata basis?
myfxbook: neoxis
  • #4,142
  • Feb 13, 2015 3:46am Feb 13, 2015 3:46am
Quoting neoxis
{quote} So if is like you said...why they continue to talk about this kind of PRO-RATA? for example if we decide to pay to everyone 50cent on 1 that's mean 50% and make an example below said who has 100$ will take 50 , who has 4000 will take 2000. This mean even positive balance will be in a pro-rata basis?
I believe the PRO-RATA talk is just legal jargon.
They have to work to a process and that process has to work for cases where the funds are present and correct and where there are funds missing.
1 process fits all situations.
They gave an example of how the process works thats all.
  • #4,143
  • Feb 13, 2015 4:21am Feb 13, 2015 4:21am
Quoting neoxis
{quote} So if is like you said...why they continue to talk about this kind of PRO-RATA? for example if we decide to pay to everyone 50cent on 1 that's mean 50% and make an example below said who has 100$ will take 50 , who has 4000 will take 2000. This mean even positive balance will be in a pro-rata basis?
KPMG has a fee for his work.Court has empowered the KPMG. Court will determine, how and by whom, will be paid the fee(around 1-3%)
But in case, of selling, clients positive balance, no fee to pay, by the clients.
  • #4,144
  • Feb 13, 2015 4:23am Feb 13, 2015 4:23am
Keep the pressure on the administrators and FCA. Telephone and email today, ask:

1: Where is my money, why haven't you given it back to me?
2. What are you doing to get my money back to me as soon as possible?

Don't accept the feeble drip feed of information on their web pages.
  • #4,145
  • Feb 13, 2015 4:38am Feb 13, 2015 4:38am
Quoting Brainache
Keep the pressure on the administrators and FCA. Telephone and email today, ask: 1: Where is my money, why haven't you given it back to me? 2. What are you doing to get my money back to me as soon as possible? Don't accept the feeble drip feed of information on their web pages.
LOL.Better to burn office of KPMG. Sure will work faster.
  • #4,146
  • Feb 13, 2015 5:01am Feb 13, 2015 5:01am
Quoting Tim_isoara
{quote} LOL.Better to burn office of KPMG. Sure will work faster.
How much you have inside alpari tim?
myfxbook: neoxis
  • #4,147
  • Feb 13, 2015 5:49am Feb 13, 2015 5:49am
Quoting Tim_isoara
{quote} Yes.After clearing, in 15.01.2015, Alpari has not fulfilled the conditions, imposed by the FCA, for minimum cash flow. But, no missing money from segregated accounts.

The traders should have pooled funds together and bought out the company
  • #4,148
  • Feb 13, 2015 5:51am Feb 13, 2015 5:51am
Quoting Brainache
Keep the pressure on the administrators and FCA. Telephone and email today, ask: 1: Where is my money, why haven't you given it back to me? 2. What are you doing to get my money back to me as soon as possible? Don't accept the feeble drip feed of information on their web pages.
This wont change anything, they have to follow a process and no kicking or screaming will help unfortunately.
  • #4,149
  • Feb 13, 2015 5:57am Feb 13, 2015 5:57am
Quoting verv
{quote} The traders should have pooled funds together and bought out the company
a co-op broker. i wish
  • #4,150
  • Feb 13, 2015 6:22am Feb 13, 2015 6:22am
Quoting neoxis
{quote} How much you have inside alpari tim?
I work with 5 brokers. One is Alpari. I have enough money to Alpari, but they are safe.
  • #4,151
  • Feb 13, 2015 6:29am Feb 13, 2015 6:29am
Quoting Tim_isoara
{quote} I work with 5 brokers. One is Alpari. I have enough money to Alpari, but they are safe.
I don't know how you can be so sure about that...anyway...i'm in the same situation...so i just hope you are right.
myfxbook: neoxis
  • #4,152
  • Feb 13, 2015 6:40am Feb 13, 2015 6:40am
Quoting neoxis
{quote} I don't know how you can be so sure about that...anyway...i'm in the same situation...so i just hope you are right.
In my country (in EU) I was shareholder on a little broker, and also I worked there, about 3 years. And I finish the law school.
So not to worry for money.
  • #4,153
  • Feb 13, 2015 6:50am Feb 13, 2015 6:50am
Quoting Tim_isoara
{quote} In my country (in EU) I was shareholder on a little broker, and also I worked there, about 3 years. And I finish the law school. So not to worry for money.
I'm in EU too...I don't chose a broker outside EU never. ok Anyway send me your contact skype if you want via pm...so we not fill of private conversation this topic. Thanks.
myfxbook: neoxis
  • #4,154
  • Feb 13, 2015 11:12am Feb 13, 2015 11:12am
Don't worry, you will get all your money back from Alpari. KPMG can't take their fee from the segregated funds. They will take it from the disposal of assets. If, there is not enough money money in the segregated account (for whatever reason) then you will have to claim the balance from the FSCS. I for one will not accept anything less than 100% of my positive balance.
  • #4,155
  • Feb 13, 2015 11:46am Feb 13, 2015 11:46am
Quoting spankworthy
Don't worry, you will get all your money back from Alpari. KPMG can't take their fee from the segregated funds. They will take it from the disposal of assets. If, there is not enough money money in the segregated account (for whatever reason) then you will have to claim the balance from the FSCS. I for one will not accept anything less than 100% of my positive balance.
We will see my friend when they send us our statement in their agree. I hope man....i really hope that...is not long time...they should to tell us at the end of 16 march a proposal or their decision...So just at max 1 month to wait for things more clear. Dunno for how long to active this kind of portal.
myfxbook: neoxis
  • #4,156
  • Feb 13, 2015 12:04pm Feb 13, 2015 12:04pm
Quoting neoxis
{quote} We will see my friend when they send us our statement in their agree. I hope man....i really hope that...is not long time...they should to tell us at the end of 16 march a proposal or their decision...So just at max 1 month to wait for things more clear. Dunno for how long to active this kind of portal.
Unfortunately, we have no control over their speed in getting the portal up and running. You just have to be patient. The cynic in me will say that they will take as long as possible in order to push their fees up. But it will happen. Hope you all have a good weekend.
  • #4,157
  • Feb 13, 2015 5:24pm Feb 13, 2015 5:24pm
If you really stop to think about it, the regulation set by the FCA is really stupid.

"Oh you are down 1 on the minimum capital you need to have to continue your business? Well tough that's it, shut down everything and start insolvency proceedings."

It's just a stupid system. There should be some leeway, say 2-4 months the regulators should allow the company to get the books straight and try to recover the situation.

Especially considering Alpari was doing everything by the book till that swiss event. It was an unprecedented event and I feel if there was some negotiation and leeway Alapri could have gotten their capital back to legal operating limits over a few months(i know they were doing bad in background anyway, but whatever! I'm trying to make a point here!).

It is really a stupid regulated system here and I understand where that Russian faggit was coming from when he said that the UK regulations are stifling business. It's silly and outdated and ultimately Alpari still had POSITIVE capital and could actually continue business but it was the FCA regulators that shut them down with no option to try and recover the situation. That's a poorly regulated system in my view.
  • #4,158
  • Feb 13, 2015 6:23pm Feb 13, 2015 6:23pm
Quoting TerryTibbs
If you really stop to think about it, the regulation set by the FCA is really stupid. "Oh you are down 1 on the minimum capital you need to have to continue your business? Well tough that's it, shut down everything and start insolvency proceedings." It's just a stupid system. There should be some leeway, say 2-4 months the regulators should allow the company to get the books straight and try to recover the situation. Especially considering Alpari was doing everything by the book till that swiss event. It was an unprecedented event and I feel if...
I think....the only idiot here are you..than you not inform yourself before to talk...if we are in this situation is just cause the major shareholder of alpari uk WANTED shutdown alpari uk already 1 year ago! Why you don't inform? He doesn't want save anything. It's his objective shutdown this society and now he tooks the opportunity finally for end it.
FCA not has any responsability about it...Shareholder andry dashin already took an interview where he said was his really intention to close the company. So he just not put anymore money inside and let's take process of insolvency....he just bought back rights of alpari for his Alpari ru. He doesn't give a fuck about us or uk subsidiary.
Next time before to talk read some articles in internet. Thanks.
myfxbook: neoxis
  • #4,159
  • Feb 13, 2015 7:13pm Feb 13, 2015 7:13pm
Quoting TerryTibbs
It's silly and outdated and ultimately Alpari still had POSITIVE capital and could actually continue business but it was the FCA regulators that shut them down with no option to try and recover the situation. That's a poorly regulated system in my view.
Was the option for shareholders, to bring the money 30 millions.
Same situation in US regulations, NFA.
FXCM loss was 240 millions, and they bring 300 millions because they dont want to stop the business.
I like FCA and NFA they are strong, good for business.
  • #4,160
  • Feb 13, 2015 7:31pm Feb 13, 2015 7:31pm
Bankruptcy is protection from creditors. At the moment Alpari is protected from any of your claims by the court decision. So you can push KPMG or FCA as much as you can it will not help. Until KPMG is finished calculating claims and assets or the client base is sold you will not get your money back. The law give KPMG reasonable time for unwinding the company and it has not passed yet.

FCA regulation is not perfect, but it is so much better than nothing. Do you think that Alpari Russia which is registered in some god forsaken island just few miles from the shore of Venezuela has better protection?
Wookey
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