Union Standard International Group PTY LTD (USGFX) has revealed to Finance Magnates via a statement that it has entered into voluntary administration on the 8th of July 2020.
According to the company, it has gone into voluntary administration to allow USGFX to restructure so that it can continue to provide financial services to its client. BRI Ferrier will be the administrator.
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In its statement, the foreign exchange (forex) broker said that this move by the company has largely been forced by the Australian Securities and Investments Commission (ASIC), of which USGFX was regulated by.
USGFX claims ASIC harmed companys reputation
These actions have deeply …
Read the full article at: https://www.financemagnates.com/forex/regulation/breaking-usgfx-enters-into-voluntary-administration/