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KPMG’s Joint Special Administrators for Alpari (UK) Limited, which became insolvent following the SNB event in 2015, has released a new update regarding the defunct company’s client funds, issuing a notice of the proposed distribution to all traders.
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According to the notice, the English High Court on 29 September 2016 ordered that client money held by Alpari (UK) Limited should be distributed to clients.
In accordance with the order, KPMG administrators plan to make a final distribution of client money, setting a bar date for claims at the end of this month.
The recently ... (read more)