ABK Holding Relaunches Business After Its Executives Released

ABK Holding, which consists of former GKFX executives, established the brand NYFX(NYGCM) in 2020. Following the company establishment, a lawsuit filed against the other shareholders of NYFX.

After a 6 month trial due to pandemic conditions, 2 out of the 4 charges about the NYFX executives dropped and they have been released at the first official hearing on 1st of September 2021; company employees testified that the allegations in the lawsuit against their managers were without merit and false. This support helped justice to be served.

Although the operation of NYFX and NYGCM is suspended during this 6-month period, all NYFX and NYGCM client funds were kept safe, and withdrawal request is completed in October 2021. 

ABK Holding managed to get out of this process by restructuring and incorporating with two of the biggest institutional clients from Switzerland and Holland, including Grand Bazaar in FX, CFD and Precious Metals Trading Sector.

Company employees who continued to be paid during the trial process also got back to work in October 2021.

NYFX and NYFGCM relaunched the business as normal in November 2021.