BRI Ferrier, Soe Hein Minn, Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt, USGFX bankruptcy
2 Comments
The story of the bankruptcy of Australian Retail FX broker USGFX just got stranger. And, potentially, a lot bigger.
Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt, USGFX bankruptcy
0 Comments
We had reported back in mid July that ASIC had suspended USGFX-Australia’s license after the company was put into voluntary administration.
EuropeFX, Maxi EFX Global AU Pty Ltd, Roy Almagor, Union Standard International Group Pty Ltd, USGFX, USGFX bankruptcy
0 Comments
Maxi EFX operated the EuropeFX brand in Australia, and acted as a representative of now-bankrupt USGFX Australia.
BRI Ferrier, forex broker bankruptcy, Soe Hein Minn, Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt, USGFX bankruptcy
0 Comments
New disclosures made by administrators-turned-liquidators BRI Ferrier shed more light on what happened at USGFX leading up to July 8.
Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt
1 Comment
We understand that the administrator is still pursuing a sale of USGFX’s assets, including (primarily) its client list.
BRI Ferrier, forex broker bankruptcy, Soe Hein Minn, Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt, USGFX bankruptcy
0 Comments
USGFX shareholder Soe Hein Minn is refusing administrator requests for access to the bankrupt company’s MT4 and MT5 platforms.
BRI Ferrier, Hein Min Soe, Union Standard International Group Pty Ltd, USGFX, USGFX bankrupt
0 Comments
BRI Ferrier are already embarking on a due diligence phase with potential buyers for bankrupt USGFX’s business and assets – mainly, its client list.
BRI Ferrier, Union Standard International Group Pty Ltd, USGFX, USGFX bankruptcy
0 Comments
Claims allege that USGFX provided a service to hold client funds in Australian bank accounts and earn interest, rather than for trading purposes.
Hein Min Soe, Union Standard International Group Pty Ltd, USGFX, USGFX bankruptcy
0 Comments
USGFX’s CySEC license application is reported to be in “final stages”, although apparently it has been delayed due to Covid-19 related administrative issues in Cyprus.
Sheffield United, Union Standard International Group Pty Ltd, USGFX, USGFX bankruptcy
0 Comments
Creditors of bankrupt Australian retail FX and CFDs broker USGFX will hold their first formal creditors’ meeting next Monday, July 20.
Get FNG's daily newsletter to receive notice of all articles like this one, in a concise daily email.
Subscribe now!
