Breaking: Gallant Capital Markets Files for Bankruptcy Protection

Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term brokerage, Gallant Capital Markets also known as GCMFX filed for bankruptcy protection in the US Bankruptcy Court for the Eastern District of New York. The firm regulated by the British Virgin Islands Financial Services Commission published an official announcement on its website on Friday, the 14th of April.

Gallant Capital Markets Ltd filed for bankruptcy voluntarily under chapter 11 of the US Bankruptcy code. The news comes just under three years after the company was acquired by New Zealand incorporated company WSM Invest.

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At the time WSM Invest and Gallant Capital Markets shared with Finance Magnates that the firm was valued at between $10.5 million and $14.5 million. Gallant Capital Markets was the first firm to acquire a license from the BVI's Financial Services Commission.

According to documents filed in March 2016, WSM Invest Ltd is 100% owned by Jiri Kubicek. The company was founded in the beginning of 2014, just over 6 months before the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Gallant Capital Markets Ltd.

Back in July 2014, the companies shared with Finance Magnates that the final valuation of Gallant Capital Markets would be contingent on the company’s performance over the next 5 years.