Exclusive: Bankrupt USGFX’s owner soliciting clients to new usgfx.global site
USGFX shareholder Soe Hein Minn is actively attempting to prevent the liquidator from dealing with the company’s affairs.
USGFX shareholder Soe Hein Minn is actively attempting to prevent the liquidator from dealing with the company’s affairs.
The court order was critical of the conduct of USG Holdings and Soe Hein Minn, who remains in contempt of previous court orders
ASIC said that it is seeking a range of relief including declarations of contraventions and pecuniary penalties.
MetaQuotes have indicated that they are not prepared to arrange for the transfer of USGFX’s MT4 and MT5 licenses.
This week’s top FX industry news stories included the rebranding of Australia’s AxiTrader, and fines handed out to Retail FX brokers.
The story of the bankruptcy of Australian Retail FX broker USGFX just got stranger. And, potentially, a lot bigger.
We had reported back in mid July that ASIC had suspended USGFX-Australia’s license after the company was put into voluntary administration.
Who bought FX industry blog FinanceFeeds? What is IG’s newly launched ad campaign all about? Who did TeraFX hire from ATFX?
Maxi EFX operated the EuropeFX brand in Australia, and acted as a representative of now-bankrupt USGFX Australia.
New disclosures made by administrators-turned-liquidators BRI Ferrier shed more light on what happened at USGFX leading up to July 8.