The Financial Conduct Authority (FCA), has informed that, on 27 August 2019, the High Court of Justice of England and Wales, following a specific application made by the same FCA, appointed - under the Investment Bank Special Administration Regulations - Jonathan Avery-Gee and Daniel Richardson, from CG Recovery Limited, as joint Special Administrators of AFX Markets Limited.

As reported in the Consob press release of 9 August 2019 (/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-09-08-2019/718268), FCA imposed measures against the AFX Market Limited, pursuant to which the firm must not conduct any regulated activities and must close and liquidate all open trading positions held by it, whether on its own account or on account of its clients.

The purpose of the special administration procedure is to protect the interests of the clients of AFX Markets Limited by appointing two Special Administrators who will take control of the affairs of AFX Markets Limited. The  Special Administrators will attempt to reconcile and distribute the client monies as quickly as practicable.

The Special Administrators can be contacted by email: afxmarkets@cg-recovery.com or by phone: 0044 330 995 1241.

According to the FCA, considering that for the majority of clients there is no benefit in involving a third party in reclaiming your money, you should proceed with caution if you are approached by a third party. In addition, in the event that you are contacted by someone claiming to be from AFX Markets or CG Recovery, please end the call and  and call back the above mentioned number 0044 330 995 1241.

Further details are available here: https://www.fca.org.uk/news/news-stories/information-customers-afx-markets-limited.