ASIC Imposes Sanctions on Vantage FX Following Court Ruling

[kreslik.news]

The Australian Securities & Investments Commission (ASIC) announced today that it has imposed sanctions against Vantage Global Prime Pty Limited (Vantage FX). The sanctions follow a court ruling which said that between October 2, 2015, to January 25, 2017, a senior employee at Vantage FX misused client trading data to their own personal benefit.

According to a statement from ASIC, during its investigation into the Australian licensed broker, Vantage FX, the watchdog found the company had no systems or controls in place to monitor the personal trading of its employees. The company did not prevent or identify the conduct by the employee ... (read more)