Sonray Capital founders grounded
The founders of Sonray Capital Markets have been grounded while investigations into the advice firm’s collapse continue.
Former chief executive and co-founder Scott Murray has given an undertaking to the Federal Court in Melbourne that he will not leave Australia until further order without the consent of the Court, following an application from the Australian Securities and Investments Commission (ASIC). Director and co-founder Russell Johnson has handed his passport to ASIC and given an undertaking that he will provide ASIC with no less than 14 days’ notice of any intention to travel outside Australia.
The regulator stated that Murray had also consented to an order that he provide ASIC with an affidavit of his assets and liabilities.
Voluntary administrators Ferrier Hodgson have frozen investor funds, and law firm Slater & Gordon is investigating possible legal action on behalf of some of the 4,000 investors affected.
The Financial Planning Association (FPA) is also investigating the circumstances in the collapse of what Slater & Gordon referred to as “another Opes Prime”.
AUTHOR
Caroline Munro
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