Tag: ASIC Forex

February 25, 2014 BY Gerald Segal

ASIC takes action against Forex Financial Services Ltd

The company (unknowingly) engaged in offering managed discretionary accounts The Australian regulator ASIC has issued a press release that details an enforceable action against online forex broker Forex Financial Services Ltd (Forex FS). An investigation which was carried out by Australian authorities has found that between March 2010 and October 2011 the brokerage has been…

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December 23, 2013 BY Gerald Segal

Australia jails currency trader 3 years for fraud

The cost of currency trading misconduct for Krishan Rasaratnam is 4 years of proceedings and 3 years and 3 months jailtime Legislative proceedings in Australia can be quite a lengthy process these days. Especially when the matter is related to FX trading fraudsters. It took more than two years to the Australian judicial system to…

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