AlphaTrade.com provides turnkey, Internet based financial information systems and on-line trading solutions. The Company offers its solutions to financial services companies and brokerage firms through a series of private labeled products.
Annual report for 2007: AlphaTrade accepted upfront payments in the form of equity securities issued by its customers. AlphaTrade was required to recognize revenue at the point in time in which revenue was realized or realizable and earned and to defer revenue relating to services to be provided in subsequent periods. The auditor also failed to determine the market value of the marketable securities. Alpha restated its 2007 financials.
On 15 Mar 2013, AlphaTrade.com went out of business as per its Chapter 11 liquidation filing under bankruptcy.
PCAOB Report, 8 Apr 2011
AlphaTrade: Annual Report 2007
PR Newswire: AlphaTrade.com (APTD) Files Chapter 11 and Continues to Conduct Business, 31 Mar 2011