ASIC punish GDS

[FXWarriory]

GDS holds itself out as a leader in the field of forex, binary options and contracts for difference. The company's only director, Brenton Ganesh Nair, lives in South Africa.

Australian Securities and Investments Commission - 14-226MR ASIC cancels margin forex companys licence

 

[Pharaoh]

Nice to see ASIC finally slapping some brokers around. Now I want to see ASIC grow some real teeth and start hitting them with fines and ordering them to pay clients.

 

[Master Yoda]

Now that's what I call a regulator with balls

 

[FXWarriory]

ASIC announced some months ago that they started action to shut down unlicensed foreign exchange trading.
I wonder what were they doing before that!!, on Vacation possibly Anyway, at least they started Thumbs Up

 

[Pharaoh]

I want to see more than shutdowns and warnings. I want so see some serious fines levied if ASIC wants to be able to claim to have any real regulatory teeth.