FXTG Reportedly Under Investigation by Australian Watchdog

[kreslik.news]

Australian securities regulators are reportedly conducting an investigation against Forex TG Pty (FXTG), according to Israeli business newspaper Calcalist. The media report says that FXTG was founded by missing UTrade CEO, Aviv Talmor, and the Australian firm now allegedly owes investors around $2 million. The Israeli newspaper also reports that one of Talmor’s international partners claims he owes him $800,000.

In December 2015 a Tel Aviv court banned UTrade Premium Ltd from all investment activity, following an appeal submitted by the Israeli Securities Authority (ISA) claiming unlicensed investment activity by the company.

An ISA audit revealed that 40 of UTrade Premium’s 350 ... (read more)