Sonray enters voluntary administration
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".
Recommended for you
A former Northern Territory financial adviser has received a seven-year ban from ASIC, having been convicted of supplying dangerous drugs and receiving or possessing the proceeds of their sale.
Both Bain Capital and CC Capital have made revised bids for Insignia Financial after completing a period of due diligence.
The advice industry has reached triple-digit gains for the calendar year to date, with two licensees seeing gains of five during the week.
Targeting market leadership in digital advice, Bravura’s digital solutions are now available to over 6 million superannuation fund members.
