Tag: Forex Fraud Australia

March 24, 2014 BY Gerald Segal

ASIC vows to fight forex fraud

Australian regulatory chief voices concern amid global FX rigging probe As we have been covering here at LeapRate, international investigations of price-rigging by banks and currency traders have now reached down under. Amid international pressure from other jurisdictions, Greg Medcraft, chairman of the Australian Securities and Investment Commission (ASIC), told the Financial Times last week:…

Read more
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…

Read more