you will be next if not this time, join Alpari clients hands -
1 2 3 4

thread: you will be next if not this time, join Alpari clients hands

  1. #11
    Junior Member sokiayHM's Avatar
    20
    [quote=Mystique;8053085]
    quoteI'd really would love if you and other posters would extend from posting their doubts and expressions of how we just need to wait, we can't do anything anyway. Since that does not help. It might just discourage people still sitting on the fence. Instead, let's all try to only contribute here what's helpful to our situation. Makes sense?
    Ok.
    Ill leave it.
    But maybe ask yourself why you would want to alienate those that are finally trying to help?
    That is exactly what I posted earlier:

    Regrettably words and opinions are not enough and this is where I feel a union will always break down as most people are so consumed with anger and fruion they just cant stand hearing arguments that dont fit their own ideals.

    Ill last.

  2. #12
    Junior Member XxJuan59xX's Avatar
    20
    [quote=jizzyjay;8053015]quote I have money tied up in Alpari and I also have access to good legal advice/help if necessary. I .... We would have our funds back long before any resolution to our case has been reached. Thats why I continue saying what's happening today cannot be changed. You can just change the future today, not the current. .... To achieve which you need to dissect the FCA's regulations and rules, particular adminiors regulations and any laws or rules which govern what's currently happening. /quote]

    Well, why don't you ask your legal advisor about the queries and questions raised here for instance?

    I don't wish to go on some kind of crusade.
    We may still utilize the petitions to reveal we are not only single traders which could be parted out of their funds swift silently ...

    I want to know what the Special Adminiors are actually allowed to perform, and exactly what my legal options are when I'm not pleased with what they do, how they do it and the result of the distinctive Adminiion ...

    You do understand this is more than simply when we might reunite our funds?
    It's also concerning that pro-rata aspect and just how much will be left of their funds.
    And when Alpari UK is liable for losses incurred because they closed dow our trades.
    And when traders from other counttries are covered by FCA/FCS too.
    And about if this type of Special Adminiion and Regulation is reasonable or a form of institutionalized theft.

    Regarding the latter - it isn't for me to dissect the FCA's rules. It's what a lawyer must do.
    That is why we should resort to proper legal advice.

    If we'd join forces we can divide the prices for such advice, and perhaps even the prices for going to court if needed.

    I don't know what is your definition of what is happening today, the current and the future, or the period interval you connect with those terms.
    (Hey, if you know how to change the future, I'd be pleased to send you my lottery numbers, so you can change the future to some blessed one for me . . .lol)

    But if you don't prepare in the here and now to be forearmed for what may happen, I'm confident that you won't change anything, not even the future.
    Because said future will only happen for you ...

    I'd really would love if you and other posters would extend from posting their doubts and expressions of we just need to wait, we can not do anything anyway.
    Since that does not help in any way. It may just discourage people still sitting on the fence.

    Instead, let's all try to only donate here what is helpful to our circumstance.

    Makes sense?

  3. #13
    Junior Member gorg's Avatar
    16
    quote I've got cash tied up in Alpari and that I also have access to good legal advice/help if needed. I concur with what you say however, the point is KPMG have been made by the high court. Any actions we take will have to go through them and it might take years to conclude. We'd have our capital back long before any settlement to our case has been attained. Thats why I keep saying what's happening now cannot be changed. You can only change the future now, not the present. Therefore, if the crusade is about changing the now, I see no point. If its about...
    humorous jizzyjay, I had been planing to do exacly that, to get familiar with FCA regulations... wasn't planning to talk as I fear nobody would be prepared to...

  4. #14
    Junior Member gorg's Avatar
    16
    quote Maybe you should consider to begin the process anew? Because putting some new text there AFTER people have signed would be somewhat awkward, would not it?
    I believe is legitimate to ask for a specific date. If any person is opposesed he could just manifest and draw. No need to begin anew

    jizzyjay is extremely lucid on the matter of the purpose of this iniciative. It is good to clearly point out the goal.
    The point is we need a date and a dediion to that date.
    If kpmg respond it's a fantastic sign.
    Should they dont respond or respond with a generic letter which says nothing, then we react to that.

  5. #15
    Junior Member XxJuan59xX's Avatar
    20
    , you get a fantastic point. It's missing. I think it could be simple and objective: Formally current to Particular Adminior KPMG asking A particular DATE for client monies to be returned. This is the starting point for what else which could came. quote
    Perhaps you should consider to start the process anew?

    Because placing some new text AFTER people have signed would be a bit awkward, wouldn't it?

  6. #16
    Junior Member sokiayHM's Avatar
    20
    quote And that is exactly why we have to stand up and fight for what is in our own best interest. It's obvious that before today refunding our money hasn't been their prio. They may be bound to follow strict rules to process the exceptional Adminiion or the insolvency of Alpari UK. However, imho that doesn't give them the right to come up with ridiculous ideas like taking additional time to develop a web portal to allow to us self-service our promises etc.. The entire infrastructure for checking and dealing with claims, refunding / withdrawing cash etc. ought to be still...
    I have cash tied up in Alpari and that I also have access to great legal advice/help if needed.
    I agree with what you say but the purpose is KPMG have been appointed by the high court.
    Any actions we take would have to go through them and it'd take years to conclude. We'd have our capital back long before any settlement to our situation was attained.
    Thats why I keep saying what's happening now can't be changed. You may just change the future today, not the current.
    If the crusade is all about changing the today, I see no purpose. If its about changing the future since this entire situation is bang out of order from a customers perspective then yes im all for this.
    If the crusade is all about the latter you require proof of wrongdoing.
    To realize that you need to dissect the FCA's rules and regulations, special adminiors regulations and any laws or rules that govern what's currently going on. If you find something questionable then post it. If someone reading the article can put forward a constructive debate against it then you can make sure it wont stand up in court.
    Every debate requires the backing from a quote in the rules and regulations governing this process.
    Unfortunately words and opinions are not enough and this is where I feel a marriage will break down as most individuals are consumed with fruion and anger that they cant stand hearing arguments that dont fit their own ideals.

  7. #17
    Junior Member gorg's Avatar
    16
    You have a good point. It is missing.

    That I think it could be simple and aim:Present to Particular Adminior KPMG requesting A particular DATE for customer monies to be returned.
    This is the beginning point for what else that could came.


    quote A statement similar to that is completely missing at 4fx. club/petition.

  8. #18
    Junior Member XxJuan59xX's Avatar
    20
    quote This will change anything. It's in the auditors best interest to string this out as long as you can as they get paid more. Really that easy.
    And that is exactly why we need to stand up and fight for what is in our own best interest.

    It's obvious that before today refunding our money has not been their prio.

    They may be bound to follow strict rules to process the Exceptional Adminiion or the bankruptcy of Alpari UK.

    But imho that does not give them the right to think of silly ideas like taking extra time to develop a web portal to allow to us self-service our claims.
    The whole infrastructure for checking and dealing with claims, refunding / withdrawing money etc. ought to be still there on Apari's servers.
    At least unless no criminal actions have happened, such as erasingevidence / harddisks etc..

    KPMG has iT pros also, so they ought to know what to do and the way to do it fast.
    And I would not be surprised when they already have such a client's-claim-portal from previous bankruptcy cases and just try to cash in for it once more.

    Anyhow, so far all we have are words, rumours, lot's of assumptions and question marks about what the Special Adminiors will develop with, and if.

    But when we have reason to suspect they play filthy or perform time, it's up to us to sheepishly let it occur, or view what we can do about it.


    Imho we, as the group of affected traders, need legal council about the questions and concerns mentioned in this thread.


    As the whole enchilada is subject to UK law, please a few of you men living in the UK help with info on the following:A) is it feasible to form a kind of registered association for fighting our origin in the united kingdom? B) what's the procedure and what costs are associated? C) how fast could such a vehicle be established? D) is anybody of you entitled for a free legal consultation regarding our questions and concerns? E) what are the projected costs for hiring a attorney that is specialized in Insolveny Finance Industry (for consultation, in addition to for visiting court)? F) record of such lawyers who are known to have helped clients in similar situations If we'd form such a registered association or a comparable vehicle, we can share the expenses for obtaining a consultation and heading to court, should the need arise ...

    is logical?

  9. #19
    Junior Member miki9424's Avatar
    24
    http://leaprate.com/2015/02/alpari-u...-client-funds/ Yet another petition . Pls signal this as well. It'll be delivered to KPMG by LeapRate.
    This wont change anything. It's in the auditors best interest to string this out as long as possible as they have paid more. Its that easy.

  10. #20
    Junior Member oxiderark's Avatar
    11
    The purpose is that the back office system already exists to verify customer accounts and process the withdrawal -- how did we deposit our capital in the first place -- thus there is not any need to come up with a ”net claims portal” at great delay and cost to our retail customers.

    Also, if our capital are segregated, and the employees are appointed by the courts to take care of the processes of the business with a view to salvage or winding up, then the costs of returning the retail capital should surly be borne by the business, ie Alpari, not us.

    I'm committing the Alpari/KPMG hotline a challenging time on a near daily basis on 0333 202 1397, also was told by a director that they had received less that 200 calls in complete since the line was put up... from 100,000 customers... Certainly everyone thinks that someone else will take action they needn't bother.

    Additionally I'm regularly bugging the FCA on their complaints line 0207 066 9870 because I do not feel that KPMG's view that they can access segregated funds to cover themselves to run the winding up of the business is lawful or in the spirit of law.

    I'm also submitting regular heed to the Authorities Insolvency Service https://www.insolvencydirect.bis.gov...Complaint.aspx to reiterate the above and because of some letters of concern and formal complaint to KPMG haven't even been acknowledged much less responded to.

    Some may say these steps are misguided; I feel that doing something is far more likely to lead to a favorable outcome than doing nothing - and 8 weeks is far too long to wait before taking action - as by then KPMG will have assessed the resistance, devised their offering and run up huge bills that we are expected to cover...

  •