This is some info about Crown I got from another group. Looks like bad news.
wrzec It's official... Crown Forex is entering bankruptcy proceedings. Seems the appeal Crown filed did little to impress the judges, and they issued a decision far earlier than everyone expected, and without FINMA having to file additional arguments. The following was issued by the attorneys representing the Swiss authorities last night: From: [email protected] Sent: Tuesday, May 19, 2009 19:21 To: [email protected] Subject: Important information on Crown Forex SA - Information importante sur Crown Forex SA 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 [email protected] [email protected] ----- Original Message ----- From: umrperumal To: [email protected] Sent: Wednesday, May 20, 2009 4:34 PM Subject: [amibroker] Off the topic - Crown forex Hi There is a rumour that forex broker Crown Forex is going under bankruptcy proceedings. Is anybody trading with them? Is there any basis in the rumour? Though off the topic, it helps. Kindly share your the knowledge anybody has on this. With kind regards UMR Perumal
