Exclusive: Prospero Markets client repayment delayed as Court orders a Contradictor
The Judge overseeing the Prospero Markets case, Justice Cheeseman, has ordered that BRI appoint a Contradictor to act in the proceedings.
The Judge overseeing the Prospero Markets case, Justice Cheeseman, has ordered that BRI appoint a Contradictor to act in the proceedings.
BRI Ferrier expects that Prospero Markets client trust funds can be distributed by around September to November 2024.
Swiss regulator FINMA: FlowBank no longer has the minimum capital required for its operations, fears that the bank is over-indebted.
Liquidator BRI anticipates a (relatively short) timeframe of 2-3 months until it can refund Prospero Markets client claims.
Funds that CCCUK had invested in CCC Labuan were funds advanced to the company by its professional investors.
City Credit Capital and CIX Markets are controlled by US entrepreneur Alfred Tang.
MetaQuotes have indicated that they are not prepared to arrange for the transfer of USGFX’s MT4 and MT5 licenses.
New disclosures made by administrators-turned-liquidators BRI Ferrier shed more light on what happened at USGFX leading up to July 8.
USGFX shareholder Soe Hein Minn is refusing administrator requests for access to the bankrupt company’s MT4 and MT5 platforms.
We don’t know just how much longer the logo of Retail FX broker USGFX will adorn the jersey front of […]