The Australian Federal Court has ordered Prospero Markets, a trading broker for forex and CFDs, to shut down and has appointed a liquidator to refund client money. This move follows a demand from the Australian Securities and Investments Commission (ASIC). On Thursday, the court demanded the closure on grounds deemed just and equitable. BRI Ferrier’s …
MyFlashFunding, based in the US, today (Monday) disclosed its collaboration with an ASIC-supervised broker for its global clients. The ASIC, a leading authority in financial regulation, oversees this broker. Despite the announcement, the prop firm kept the broker’s identity confidential. It’s also still determined whether the services will be under the ASIC’s watch or a …
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