What are my available recovery options in the event Fraxtor closes down?
In the unlikely event that Fraxtor ceases business, customers will be notified (through a Cessation Notice) as such at least 30 calendar days prior to it. Fraxtor may either:
1. Transfer the administration and management of the Investment Projects and investments to another party (“New Party”); or
2. In the case where there are no such transfer of business to a New Party.
a) Cease any listings that has not gone “live” and all available funds not already committed to any investments will be refunded into the designated bank accounts; and
b) For Investment Projects or Offers that have already been invested in, we will connect the investors with the Project Offerors/Managers directly, where the Offerors/Managers would provide options such as continuing the management, or redemption, of your existing investments
In any case, the details will be included in the Cessation Notice, and customers moneys will be held in a customer-segregated account, separate from Fraxtor’s own assets and protected from claims by Fraxtor’s creditors.