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Australia FX broker USGFX enters into voluntary administration, blames ASIC
Sheffield United announced that the Australian division of its partner Union Standard International Group PTY LTD has entered into voluntary administration on 8 July 2020. Australian based forex broker USGFX said that these actions were driven by Australian Securities and Investments Commission (ASIC). USGFX stated: These actions have deeply harmed the USGFX brand and continue to consume excessive time and resources, despite no substantial allegations against USGFX being brought to court by ASIC since last December. USGFX also announced that BRI Ferrier Peter Krejci and Andrew Cummins Insolvency and Business Recovery ... (full story)