I disagree with what your suggesting. What you have to understand is the FCA have got it all sewn up tighter than a duck ass! KPMG are acting on rules and regulation set by the FCA. With that understood, KPMG are not the ones to target your ...

Alpari.co.uk Discussion

If this is true then it at least represents progress for a potential sale. We all knew that the potential buyers had no interest in purchasing Alpari as a whole so now it will be broken up and a sale is much more feasable. More importantly a sale of ...

Alpari.co.uk Discussion

This article is dated the 22nd of January and refers to the generic email sent from the administrators. Old news as far as I know. The only question I have is when exactly when did you receive a full statement from Alpari emanco?

Alpari.co.uk Discussion

Life has taught me that when you lose your cool, you loose focus and problems can never be solved when red mist is clouding your judgement. I resigned myself to the fact that I wasn't going to see my funds anytime soon once KPMG got involved. And ...

Alpari.co.uk Discussion

Fair point. See im a reasonable man. All I need is reasonable responses.

Alpari.co.uk Discussion

Im just looking at it in simple terms. Clients cant benefit from Alpari's assets but creditors can. Creditors can benefit from Alpari's assets and will benefit from clients too because we cant get access to our funds. Can you honestly disagree with ...

Alpari.co.uk Discussion

Your still not reading the posts. When did I say KPMG were at fault? A sale that takes place in 6 months is a better outcome for me? NO. The only people who benefit from the current situation are the creditors. In my opinion that is not balanced. ...

Alpari.co.uk Discussion

Your always quick to defend KPMG. If you actually read through my posts when did I say that KPMG were at fault? I just stated that your wrong in saying that the interests were balanced. How is a sale a better outcome for me? I have to wait for an ...

Alpari.co.uk Discussion

Yes they can and im sure they will.

Alpari.co.uk Discussion

Sue them? Who said anything about suing anybody? You seem to have shown your true colours with that statement. Ill tell you my stance on this now. The money I will wait for. What I wont tolerate is institutes taking advantage of systems which are ...

Alpari.co.uk Discussion

I agree with most of what you say but your not right now. The interests are not being balanced. Creditors interests are being put before ours. It cannot be seen any other way. All the clients want is what is theirs, the funds in the segregated ...

Alpari.co.uk Discussion

Exactly. The system is flawed and biased against clients. The safest place for your money is under your mattress. I personally am going to take the FCA to task. There are tools I can use whereby I can get good legal backing without paying a penny. ...

Alpari.co.uk Discussion

Types of conflicts SYSC 10.1.4 01/04/2013 FCAPRA For the purposes of identifying the types of conflict of interest that arise, or may arise, in the course of providing a service and whose existence may entail a material risk of damage to the ...

Alpari.co.uk Discussion

From what I understand under UK law they can. url I think the FCA's interests need to be questioned. We are being persecuted in the interests of the creditors. And the FCA are allowing this to happen legally.

Alpari.co.uk Discussion

Will the Administrators take fees from client funds? The administrator is not able to use monies held in client segregated accounts to pay their fees without a court order. This would be a court decision and not the decision of the administrators. ...

Alpari.co.uk Discussion

Q. Does Alpari (UK) Limited have a client money deficit? As far as the special administrators are aware, Alpari (UK) Limited does not have a client money deficit, however the special administrators need to reconcile the position before they can ...

Alpari.co.uk Discussion

I agree. KPMG are just doing their job. The FCA have appointed them to do a job and they have to do it. Unfortunately the processes cannot be changed. As clients we are now part of a process that we have to go through whether we like it or not. The ...

Alpari.co.uk Discussion

Interesting. Ill check it out.

Alpari.co.uk Discussion

This is why segregated accounts and FCA protection needs to be clarified. Segregated accounts are sold to clients as protection of their funds from creditors in the event of a situation like this. The reality is the creditors still have a hold on ...

Alpari.co.uk Discussion

You raise a good point. I believe the client funds were not released as they were seen as a saleable asset from which the creditors could benefit from. But thats the problem. Holding client funds is of no benefit to the clients. So the FCA put the ...

Alpari.co.uk Discussion