(Updated) Alpari's Shanghai offices possibly raided, people arrested

Fresh from the rumour mill: Shanghai Public Security Bureau raids Alpari’s representative offices in Shanghai, arrests people. This might be a

Fresh from the rumour mill: Shanghai Public Security Bureau raids Alpari’s representative offices in Shanghai, arrests people.

This might be a similar scenario to what has happened to Gain Capital back in 2007 when it ‘suddenly’ close its China subsidiary. Sometimes pissing off the authorities backfires.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

Suggested articles

Huobi DM Launches Real-Time Settlement for BTC FuturesGo to article >>

These are the only details known right now, will keep you updated once more is known. Nothing has been officially published so handle with care.

Update: please read the comment below to see Alpari’s confirmation that an investigation is ongoing but nobody was arrested. What the investigation is exactly about is unclear.

Got a news tip? Let Us Know