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

  1. #21
    Junior Member XxJuan59xX's Avatar
    20
    request 4FX ... good initiative... signed ! Http://4fx.club/petition/ You must sign .... Yes you reading today ... .
    I love very much that some people took action forming this new thread in addition to a petiton site.

    Albeit this activity appears to have happened very spontaneously.

    Imho it might have been advisable to first discuss what exactly we wish to achieve and what options we realistically need to arrive.

    My difficulty with the 4fx. Club request is that there's not any content saying exactly what the request is all about, or what for / how it is going to be utilized.

    A request include more than only a listing of titles.

    The way Leaprate have set up it makes a little more sense, since they state that the request is likely ... to be formally presented to Particular Adminior KPMG, asking that customer monies be returned directly to those customers whenever possible.

    A statement much like that is entirely missing at 4fx. club/petition.

    I state this not to belittle it or to discourage anybody to sign it.

    It's only that taking action without a transparent goal and considering how to accomplish that, is a bit like shooting an arrow in the air, hoping it will somehow land in the perfect spot. It may well do. However, while you plan the arrow at a specific goal, chances are greater it will hit it, and possibly with more power ....

    For the two petitions, we are expected to trust the originators with our information. Which maybe not everbody might love to.
    Therefore my guess is that the number of signatories may not mirror the number of affected traders.

    Anyway, it is a beginning.

    Apart from that I still have questions regarding the legality of Alapri UKs justifiion for closing down, and how KPMG is handling the Special Adminiion.

    My major issues right now are:Force Majeure. If Alpari can claim this as reason they closed our (non-swissy) trades and their operation, it simply means they aren't responsible for any losses that we traders incurred since Alpari did exactly what it did. My take is : they are accountable because what happened wasn't an unforseeable Black Swan event or such. They just were not prepared because of their dismal (risk) mangement practise. So imho Alapri UK is responsible for any losses incurred. And I will claim back my losses too, not just my equilibrium. Is it really legal in the UK the costs and expenses of dealing with and distributing customer assets (including client monies) are paid out of customer assets? And what does this mean? Do the so called client monies include the segregated funds of retail customers? If this could be true, basically we, the retail customers would need to pay the Special Adminiors for return what is left of our money pro rata after KPMG has deducted their fees. This could be a clear conflict of interests. And if this is what is likely to happen to us, then that's nothing but institutionalized atomic! Theft by Regulation? Please somebody tell me, that's not what is likely to happen ... Ok, the Particular Adminion has strict rules, which will require a while to process. However, what if the Special Adminiors become creative and find ways to spend more time on it for example by creating a type of portal, rather than using the Alpari UK account bills, brochures etc.. Might be lawful, but imho not legitimate. Read stage 2 again. Are traders which are not any UK residents covered at all by FCA / FCS? I'm not a attorney and do not reside in the united kingdom.

    Maybe a few of you residing in the united kingdom will help connect the above dots?
    Can someone dig up a listing with UK attorneys that specialize in Insolvency Finance Industry?
    Maybe someone can even get a complimentary consultation on the above questions?

    We will need to completely grasp what is just going on, as well as our rights and our legal options to deal with it.

  2. #22
    Junior Member gorg's Avatar
    16
    There appears to be a lot of people on this thread who are impatient and cynical. I am not saying this is wrong, but I got a email from KPMG on 22/1/2015 saying they acknowledged I was a customer with funds in Alpari and that they would get my money back to me as soon as it's possible. Given the amount of customer accounts there are and they have to check at each individual account to see if it was in charge or loss at the time it will take a significant effort to find all that information together. Within their email KPMG stated it would be eight...
    Nobody is giving up their cash. Every one will hang on, but not softly... my limit of patience with KPMG is the 8 months... other then that I account them responsible too. Another issue I am just waiting to see is that their fee ... lets just see how large it is.

    Yes, KPMG is assistance, for the time being, but they must know we are VERY IMPATIENT to the point we could explode any moment... The exceptional adminior is not above the law and could be accounted responsible for his activities, one of them is the way and if he handles the return of capital.

    Other brokers are watching too, possibly a few regulator, or jurisdiction too... this is the reason why we have to prepare and manifest our emotions.
    Recall that laws are created according to public view, so this moment is not to be quiet.

    We're organizing, we're getting request, and we uniting ... hopefully it won't be necessary, but if it comes to that point you will see how valuable this action could become.

  3. #23
    Senior Member LexieH69's Avatar
    111
    Http://leaprate.com/2015/02/alpari-u...-client-funds/

    Yet Another Request . Pls signal this too. It'll be delivered to KPMG by LeapRate.

  4. #24
    There appears to be a lot of people on this thread that are impatient and cynical. I'm not saying that this is incorrect, but I got a email from KPMG on 22/1/2015 saying they acknowledged that I was a client with funds from Alpari and that they'd get my money back to me as soon as it's possible. Given the number of client accounts there are and they must look at each individual account to see whether it was in charge or loss at the time it is going to take a significant effort to find all that info together. Within their email KPMG stated it would be eight months before they'd be able to fully appreciate the circumstance.

    So I have signed the request, but I shall hang until the eight months have elapsed until I begin writing strongly worded letters of complaint to KPMG, ombudsmen, and so on, and I'd recommend others here to exercise a little restraint and a be patient. Our whining to KPMG will just slow the whole process down even farther. If they don't deliver on their promises by the end of the eight months then I will be shouting as loud as everyone else here.

  5. #25
    Junior Member klacid135's Avatar
    27
    Okay
    I'm in
    same men
    free of money

  6. #26
    Wow thats great... we're net generation.... It is good we raising our voice ... request is online,,, we must sign as many individuals as possible. Its not about customers its roughly we traders. No matter with which broker we're trading, but we're just one trader community.

  7. #27
    Member Jttep's Avatar
    84
    I have signed the petition hopefully it will get the job done.
    Apart from writing emails I do not know what else to do or what else could do the job.

    Https://www.cliqforex.com/general-fo...day-trade.html

    Kindly help me.

  8. #28
    Junior Member gorg's Avatar
    16
    Petition 4FX ... great initiative... signed !

    Http://4fx.club/petition/

    You have to sign .... Yes you reading now ... regardless of if you're Alpari customer or not... this might be a statement for the market and for regulators, and a great one.

    IF YOU AGREE OR SIMPATIZE WITH THE CAUSE, SIGN THE PETITION.

    A trader can not complain if he burns his capital with poor transactions, it is his fault, but it is not fair to be left outside the market because of brokers poor risk management. This is a message to investors, landlords, traders, brokers, banks and all players... Parts should honor for what they are accountable.

  9. #29
    Junior Member Moktalat's Avatar
    21
    Alpari client with 32k ecn account. Also signed a petition .
    Thanks 4 all info, good work done.
    Regards from Slovenia

  10. #30
    Member Kivva's Avatar
    38
    Alpari client with 40k account. Also very interested in getting my money back. Thank you for creating a space so that we can all know how to move and be notify.

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