Alpari.co.uk Discussion

People have no clue how the laws are implemented in the UK.This is a country where everyone
sues at the smallest opportunity.So every small detail will be looked at.I am sure there
will be many unhappy parties and potential lawsuits so they have to be very careful.

Anyway i think they will put an update tomorrow on their site.

Happy birthday buddy ..wish u the best!!

u guys are providing expectations..which will only disappoint if not met..there is no news and that is that!!

They said at the end of tomorrow so let's wait and see.

I have reminded them by email that tomorrow is 20feb.(in case they forgot)

Thank you.

Alpari is back to Business: https://alpari-forex.com/

what did they say is happening tomorrow?..i missed something it seems

KPMG, continues to be a rubber wall, for all our requests. This is their response to the latest email of LeapRate.

We hope for some good news, tomorrow

Alpari UK Client Petition - Update #3
Dear Alpari UK clients,
We thought we would share with you the response we received from KPMG to our latest letter.
If you recall, we sent a letter to KPMG earlier this week indicating the frustration felt by Alpari UK clients that things don't seem to be moving along, and that little to no information is being sent your way.
To paraphrase, KPMG continues to state that it is working as fast as possible on several fronts. The fact that they already managed to sell some of Alpari UK's intellectual property, allowing the acquirer to get all alpari.co.uk traffic to redirect to the acquirer's website, does not mean that they aren't moving as fast as possible to sort out client claims. (Or so they state).
Again, in our conversation with KPMG (referred to in their response below) we pointed out to them that from your point of view you've received little to no information, and that you definitely deserve more frequent and specific updates.
We hope this will speed things up. At a minimum, at KPMG they understand much more keenly now how upset clients are.
We will keep pushing.
Best regards,
Gerald Segal
LeapRate
---------
Katy Broomhead
KPMG
Dear Gerald,

Good to speak to you just now. As discussed and further to your email from this morning, Samantha Bewick asked me to pass on her apologies that she was unable to call you directly, but both she and Richard have been tied up in meetings for most of the day today. However, she did ask me to reiterate the following points to you:

The special administrators are required by law to pursue three objectives, which are not prioritised in the legislation, and which are summarised as:
The return of client assets;
Liaison with the relevant Authorities;
Winding up the estate in the best interests of the creditors.
The joint special administrators continue to pursue all three objectives diligently and in parallel. The sale of the intellectual property, through a competitive process, has realised funds in accordance with the third objective, which will increase the assets available for clients and other creditors. Client details were not part of this sale.
They also continue to direct substantial effort to completing the Claims Portal so that clients can agree their balances.

If you have any further questions, please do let me know.
Kind regards,
Katy

Grazie ghibellino.

We just need to wait.

It seems every time they give some update they say the same thing "Claim portal"
I mean how long will it take to get the damn portal up and running?
I do not expect anything from tomorrow's announcement(if there is any).

Leaprate is slowly turning out to be the only source of regular information in this debacle, I expect KPMG to do better than this!

we suppose to have good news today
if not i will go blow kpmg headquarter in uk

Its 20th February today
why the f*ck they didn't update us
why they will update on the last moment
why they think we don't care about our money
my whole life is stuck
this is g@y really

why dont u phone them..and ask them this..its pointless posting yur fustration in here..they wont read anything in here
however i understand yur upset we all f&*king stuck

Calm down! I suspect it could be very difficult for retail traders whose major source of living is trading, but getting yourself worked up will not provide any immediate solution. I must confess, I might not fully understand your feeling because I have a full time job and trading is only an additional source of income to me. That notwithstanding, as somebody trained in the English Law, believe me there are adequate protection for clients under the English jurisdiction than others. Segregation of clients fund is one of mechanisms in place to safeguard your interest. If it were to be in some other countries, clients funds would have been lost forever.

My advise to all is that we should all calmly follow the process because we are almost there. If we observe any violation of the relevant laws/regulations, off course we all have a recourse to the law court.

Update:

https://www.insolvency-kpmg.co.uk/ca...F119D1101.html

what will be in Joint Special Administrators proposals? any one with any idea?
will this include sell of clients to other brokers?