ASIC bans Forex Capital Trading director for ten years and former employees for three to six years from providing financial services
Date Time Share ASIC bans Forex Capital Trading director for ten years and former employees for three to six years from providing financial services ASIC has banned the sole director and four former employees of retail over-the-counter (OTC) derivative issuer, Forex Capital Trading Pty Ltd (Forex CT), from providing financial services for periods ranging from three to ten years. Forex CT employed account managers who encouraged clients to trade in high-risk contracts-for-difference (CFDs) and margin foreign exchange contracts (FX Contracts) products issued by Forex CT. Forex CT chief executi...