Sonray enters voluntary administration

futures/

23 June 2010
| By By Benjamin Levy |

Melbourne-based advisory and investment company Sonray Capital Markets has entered voluntary administration.

The administrators for the company, Ferrrier Hodgson, confirmed that the company had halted trading and entered voluntary administration last night. The principals of Sonray could not be contacted.

The company was established in 2003 and marketed itself as both an advisory and investment company, with its website stating that its "expert general financial advice and specialist knowledge allow our private advisory clients and high-net-worth individuals the ability to navigate the market in all market conditions, primarily in the areas of futures, equities, options, contracts for difference and margin foreign exchange".

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 4 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 5 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 3 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND