Australia imposes record $211 million fine on collapsed broker Union Standard, representatives

Australia's federal court has imposed a record A$300.2 million fine on Union Standard and its representatives. The foreign exchange broker engaged in misconduct between 2018 and 2020. They targeted inexperienced investors, pressuring them to deposit more funds. This action resulted in millions of dollars in losses for customers.

Raccontata daeconomictimes.indiatimes.com