ASIC Broadens Investigation into TitanTrade’s Business Associates

[kreslik.news]

The Sydney Morning Herald today reported that the Australian Securities and Exchange Commission (ASIC) has expanded its ongoing investigation into Belize-based binary options broker TitanTrade to include new business associates.

ASIC is currently investigating the persons and entities associated with the international boiler room, including the Australian marketing agency Allianz Metro Pty Ltd., which was reasonable for promoting TitanTrade in the country. Accusations from the Australian watchdog state that Allianz Metro has received around $4.16 million from TitanTrade’s victims who were depositing funds into the business bank account for trading purposes.

According to SMH, the Federal Court issued orders restricting the owner ... (read more)