ASIC has taken action against the financial firm
The Australian Securities & Investment Commission (ASIC) has obtained interim orders against Forex Capital Trading Pty Ltd (Forex CT) in the Federal Court.
ASIC’s investigations into FCT are ongoing
AFCA is aware that ASIC has obtained orders from the Federal Court against Forex CT and its principal. This means Forex CT cannot currently transfer funds or move assets overseas.
However, apart from this restriction, Forex Capital bank accounts are not frozen, and its Australian Financial Services Licence (AFSL number 290108) is not suspended or cancelled.
AFCA understands ASIC’s investigations are ongoing and the Federal Court is next likely to consider the proceedings on 5 May 2019.
Forex CT remains a current member of AFCA
Forex CT remains a current member of AFCA.
What this may mean for complaints
Consumers can continue to lodge complaints about Forex CT’s conduct and services with AFCA.
AFCA will continue to consider and handle complaints against the financial firm as timely and efficiently as possible.
At this stage, we do not know what impact the current ASIC investigations and the Federal Court proceedings may have on client claims for compensation or AFCA’s investigation of complaints.
We will keep you updated
AFCA will keep you up to date as we become aware of new information about FCT that may affect complaints.
Please check this webpage regularly.
If you have any questions or want more information about lodging a complaint, please
- call: 1800 931 678
- email: email@example.com