ASIC sued by Forex liquidators looking to claw back $20M fine

Restructuring & Insolvency 2024-02-15 5:32 pm By Sam Matthews | Melbourne

In a case believed to be the first of its kind, the liquidators of boiler room trader Forex Capital Trading have sued ASIC, seeking to claw back over $20 million in fines and costs they says constituted unfair preference payments and should be distributed among the company’s out-of-pocket clients.