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After days of speculation, Gallant Capital Markets Ltd, the parent company of the forex broker GCMFX, has just upload an announcement on its website revealing some information about what lead the company last week to file for bankruptcy protection in the US Bankruptcy Court for the Eastern District of New York.
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The firm, which is regulated by the British Virgin Islands Financial Services Commission, said this drastic move aimed to facilitate restructuring its balance sheet to better position itself for future opportunities.
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