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.
7 Habits of a Highly Effective DeFi TraderGo 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.