Breaking: Alpari UK shuts down its doors
| Breaking: Alpari UK shuts down its doors http://www.atozforex.com/news/breaking-alpari-uk-shuts-doors/ #forex #breaking #news |
true!
Directly from Alpari:
"Submitted on Fri, 16/01/2015 - 12:00;
The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rules."
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