Australia's corporate regulator is investigating whether there were oversight, due diligence and compliance failures involving MGF Capital's authorised representatives, including Main Group FX. The ABC reported that Australians may have lost as much as $138 million through financial products they believed were offered by multiple authorised representatives under the Sydney firm's umbrella. More than a dozen Main Group FX investors told the ABC they were duped after believing the scheme was licensed and regulated. MGF Capital denies due diligence failures.
company
MGF Capital
Sydney-based financial services firm