Unfortunately the worst of my fears got confirmed today when I got the confirmation from FINMA that the note sent to Crown Forex S.A clients was true so FINMA is opening a bankruptcy process for the firm.
That decision was already announced here on March 5th 2009. A few days later, on March 9th, I had to correct myself and deny that FINMA’s decision had been bankrupcy as upon Crown F ', width: 600, height: 400 } )">
Hi everyone
Unfortunately the worst of my fears got confirmed today when I got the confirmation from FINMA that the note sent to Crown Forex S.A clients was true so FINMA is opening a bankruptcy process for the firm.
That decision was already announced here on March 5th 2009. A few days later, on March 9th, I had to correct myself and deny that FINMA’s decision had been bankrupcy as upon Crown Forex S.A’s request, I had to correct myself and deny that FINMA’s decision had been bankrupcy as FINMA’s legal representative was not able to confirm the decision.
Here you have the note FINMA sent yesterday to clients:
Dear clients,
The Swiss Financial Market Supervisory Authority (FINMA) has rendered on May 18, 2009 a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, 2009 at 08:00 am (Swiss time).
The decision will be published on May 29, 2009 at 10:00 am (Swiss time).
Philippe von BREDOW and Laurent WINKELMANN have been appointed as bankruptcy liquidators by the FINMA.
Effective immediately, as of the date and time of the bankruptcy opening, the activities of CROWN FOREX SA are suspended, the company, its Directors and officers are forbidden to make or receive payments, and all the clients’ open positions are closed.
We thank you to communicate to the liquidators, until June 30, 2009, in writing the following :
1. Account Number and relevant details;
2. Open positions as of Tuesday 19 May 2009 at 08:00 (Swiss time), together with supporting documents thereof;
3. Any additional claim you may have toward CROWN FOREX SA;
Aus dem FXStreet Blog aufgesammelt
FINMA Opens Bankrupcy Process of Crown Forex S.A
Unfortunately the worst of my fears got confirmed today when I got the confirmation from FINMA that the note sent to Crown Forex S.A clients was true so FINMA is opening a bankruptcy process for the firm.
That decision was already announced here on March 5th 2009. A few days later, on March 9th, I had to correct myself and deny that FINMA’s decision had been bankrupcy as upon Crown F ', width: 600, height: 400 } )">
Unfortunately the worst of my fears got confirmed today when I got the confirmation from FINMA that the note sent to Crown Forex S.A clients was true so FINMA is opening a bankruptcy process for the firm.
That decision was already announced here on March 5th 2009. A few days later, on March 9th, I had to correct myself and deny that FINMA’s decision had been bankrupcy as upon Crown Forex S.A’s request, I had to correct myself and deny that FINMA’s decision had been bankrupcy as FINMA’s legal representative was not able to confirm the decision.
Here you have the note FINMA sent yesterday to clients:
Dear clients,
The Swiss Financial Market Supervisory Authority (FINMA) has rendered on May 18, 2009 a decision opening the bankruptcy of CROWN FOREX SA as of Tuesday May 19, 2009 at 08:00 am (Swiss time).
The decision will be published on May 29, 2009 at 10:00 am (Swiss time).
Philippe von BREDOW and Laurent WINKELMANN have been appointed as bankruptcy liquidators by the FINMA.
Effective immediately, as of the date and time of the bankruptcy opening, the activities of CROWN FOREX SA are suspended, the company, its Directors and officers are forbidden to make or receive payments, and all the clients’ open positions are closed.
We thank you to communicate to the liquidators, until June 30, 2009, in writing the following :
1. Account Number and relevant details;
2. Open positions as of Tuesday 19 May 2009 at 08:00 (Swiss time), together with supporting documents thereof;
3. Any additional claim you may have toward CROWN FOREX SA;
4. Any debt you may have toward CROWN FOREX SA.
Sincerely
Philippe von BREDOW - Laurent WINKELMANN
NOTTER MEGEVAND & PARTNERS
Place Edouard-Claparède 3
1205 Genève
SWITZERLAND
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