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

Thursday, 16/07/2009 | 11:52 GMT by Michael Greenberg
(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 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.

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.

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.

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.

About the Author: Michael Greenberg
Michael Greenberg
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About the Author: Michael Greenberg
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