beathespread

Recently i have been searching about who owns go markets ,but couldnt find anything

so i went to the ASIC(Australian Securities Investment Commission) website to check it out

Here i get this>

http://www2.search.asic.gov.au/cgi-bin/gns030c?acn=081_864_039&juris=9&hdtext=ACN&srchsrc=1

Go Markets previous name was Pacific Continental Securities ,i did a little bit of research on that and heres what i found ,Thousands of victims of banned broker Pacific Continental Securities will this week get the go-ahead for a record compensation claim that insiders said could hit £300million. 

http://www.thisismoney.co.uk/money/article-1082365/Payouts-Pacific-Continental-Securities-reach-300million.html#ixzz1bVyoAQep

Evidence passed to FSA investigators by Financial Mail proved that the firm lied to its clients and gave them misleading information about high-risk shares. 

Many of the shares were in small, high-risk American companies whose shares cannot be sold to the US public, but can be marketed overseas. Out of more than 40 shares known to have been marketed by Pacific Continental, all but one became worthless or nearworthless. 

Many clients saw their entire investment wiped out. However, the brokers profited because they were paid by US backers to recommend the shares. One of Griggs' hottest tips was for Atlantic Wine Agencies. Based in Knightsbridge, central London, the company turned out to be linked to conman Benjamin Mauerberger, who was already wanted in New Zealand in connection with a scam. The shares collapsed.

Mr Revell-Reade's companies SMA Consultants and Endeavour Securities have been granted financial services licences by ASIC.

http://www.smh.com.au/business/penny-stocks-trail-leads-to-super-20100201-n8we.html

Mr Sutherland controls two foreign exchange trading companies, Go Markets, owned through a company in Singapore, and a second company established in December, Vantage FX, owned through a company in Hong Kong. Both use a financial services licence granted to Go Markets.