The Australian Securities and Investments Commission (ASIC) announced this Friday that it has cancelled the Australian Financial Services (AFS) licence of Union Standard International Group Pty Ltd, which operates under the brand USGFX.
The cancellation of USGFXs AFS licence follows on from the foreign exchange (forex) broker being ordered to enter into liquidation by the Federal Court of Australia earlier this month.
The Most Diverse Audience to Date at FMLS 2020 Where Finance Meets Innovation
According to ASICs statement today, the brokers licence (AFS licence 302792) was cancelled on the 14th of September 2020 because the company has entered into liquidation under section 915B of the Corporations Act 2001 (Cth) (Corporations A…
Read the full article at: https://www.financemagnates.com/forex/brokers/asic-cancels-afs-licence-of-usgfx-after-entering-liquidation/
