BRI Ferrier, the external administrator of now-bankrupt forex broker Union Standard International Group PTY LTD (USGFX), has issued a notification informing its decision to put the broker under immediate liquidation.
This came two weeks ahead of the expiration of the extending convening period for the administrator.
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As detailed in the circular sent to the brokers clients and creditors, BRIs decision was propelled by the difficulties it faced in conducting its external administration from Soe Hein Minn, the director and the majority shareholder of the broker, and his representatives.
BRI said that they were prevented from dealing with the Companys affairs…
Read the full article at: https://www.financemagnates.com/forex/brokers/usgfx-to-enter-liquidation-as-shareholders-remain-unhelpful/
