Sonray Capital Markets Pty Ltd was a Melbourne-based financial services firm founded in 2003, specializing in contracts for difference (CFDs), derivatives, and foreign exchange trading for retail and wholesale clients. The company grew rapidly but was placed into administration and liquidation in 2010 after the discovery of a massive trading shortfall and fraudulent activities. Investigations by the Australian Securities and Investments Commission (ASIC) revealed that the company's directors had engaged in illegal funding, false accounting, and theft, leading to a client fund shortfall of over $46 million. The collapse resulted in significant client losses and the eventual imprisonment of its directors, marking one of Australia's most significant financial services scandals.

Founded in

Australia